RE:$1.57......Cloudy, Got a call from my deepwater engineer, company man buddy 2 days ago. Talked for over an hour via Whatsapp. He reckons that they must have rbopped (underbalanced drilling) their way through the regression and in the big Santonian by now, judging by the early March news release. So Cloudy, pretty soon he reckons. He, like I, is waiting for results.
He's also waiting on the supposed FID on Total/Apache project in Suriname now postponed yet again. Now saying 2024. He asked me wtf did I think was going on with that? Told him that it's all clear as drilling mud to me. Lol
Anyway, money on the sidelines is waiting. But he reminded me that if they're in deal making negociations then precious little info will be made public. Why spend $160 million on a well and just give info away for free by making it public. Pay to play. So we may have to wait a while till we get enough info to make an informed decision. Maybe thar's why the sp is dropping. People taking profits and using them to play somewhere else while they do their deal making.