RE:RE:RE:RE:3 Weeks NO news on Wassana restartcyber37 wrote: So, 5k of production is shut-in in Wassana (lost, because technically that can only be recovered at the end of reservoir life) but as an optimist I see that Nong Yao A is up about 4k & there is still more to come from that field….nice.
Now, there is this crack in Wassana MOPU leg that stands on three & can’t not get by with just two legs; that must be sorted out soon. Yes it may be superficial according to some ‘experts’ but it could be $20 million fix too. At the end I’m an optimist but still wish I sold my VLE at $6 so I can buy more now.
G37
Knowing the constant material fumbles at VLE and out right deception " non dilutive acquisition" only to be diluted 20% within 8 weeks I know to sell when going looks good because there's bound to be another material miss or screw up.
I sold last 200K shares at 5.60-5.80.
NYA might be up but for how long. Seems like these guys are just trading dollars on step forward two steps back. Just like the old Thrace Equinor days. Equinor dumped them after blowing $100M with no reason from either party. Seemed like a loss of confidence in VLE integrity.
This is not just a massive tactical failure...it continues the stream of significant strategic operations failure on this acquisition. Looks like amateur hour because they are amateur failures easily avoided.
I would dump now and buy back at 3.30 or so.