My analysisThere was a deliberate push to breach 90 cents stop loss triggers today...this was a calibrated,coordinated shake out.with a million plus rolling loose it seems the feeding frenzy stopped after there was no reactive widespread panic..reslience ..This is playing out like Apache did on Maka-Central or someone with resources is fixing to make sure it does...there is no info flowing from company but I'm imagining a probable scenario.
Maybe some difficulties after Campanian just about entry point to Santonian they got differentially stuck ..had to be jarred loose moved anchors etc a bit then realigned probably a slight sidetrack ..this would push into a cost overrun so decision to continue is probably based on positive results in Campanian and fact that the main horizon just a hundred meters below so what ever remediation was done with maybe some hydaulic oil etc spilling nothing big and they back on program but behind schedule by 4-5 days with Enav Peregrina gone back to Chaguramas get additional material to effect any well design changes maybe losing a diameter along the way etc..just hypothetical ..the above is just a suggestion and should not be taken as gospel advice or misconstrued in anyway by morons...of course morons would because as it is said in Catcher in the Rye.."all morons hate it when you call them a moron".anyways somewhere someone is seeing value at US 90 cents where others saw at US$1.51