RE:RE:AGM questions Hey Bo, i have appreciated your PoV, and it has clearly served you well with this stock, but here there is one clear error in analysis.
Wei was announced even before Kawa was finished, during the cost overrun in Dec. It replaced what was then going to be a dril in Demerara this year.
I think it's an exaggeration to say that if Kawa were successful they would drill appraisal wells. It's pretty clear that they don't have resources to drill 2-3 appraisal wells and just want to get as big an assessment of their block as possible to sell. Another read is that Wei is an appraisal well of sorts because if it can support an FSPO, it can be reach Kawa as well.
again i think Kawa was not a success but it may not be a failure.
as for your points about management, spot on. I think what happens if Wei hits will be a good Q.