You were correct that the leases were an issue in the past, an issue that was favorably resolved for IOC.
Can we get through the next 9 months before you start pointing out risk factors in 2020 that are not unique to IOC but apply to everyone in PNG?
Remember as Keynes said, in the long run, we are all dead.
Have some decaf MS.
Person A makes an outlandish speculative statement.
Person B calls that nonsense.
Person B must be short. There is no other logical explanation to Kenny. However, logic and reason are completely foreign to Kenny.
Occum's Razor. It states that among competing hypotheses, the one with the fewest assumptions should be selected.
Person B is simply sick of outlandish speculative statements.
Another example. Kenny makes pumping speculative statements and predictions which he portrays as facts.
Under Kenny logic, Kenny is clearly a sophisticated investor who can read tea leaves and make accurate predictions despite his track record of never being right.
Under Occum's Razor
Kenny is a buffoon.
He makes it so hard to hold on to this stock. It bothers me tremendously to be on the same side of a trade with someone who doesn't have an ounce of intellectual integrity.
Only you can have the audacity to equate criticism of you with criticism of IOC.
Your posts lack logic, reasoning and basic reading comprehension.
If everyone who was tired of your antics was short the stock, you would be the only shareholder.
Idiotic hyperbole run amok again.
Its a shame that your pumping nonsense takes away from a very credible hire.
I will continue to watch the new leadership team slowly execute rather than listen to you hyperventilate.
I am still holding strong, to my sanity, not my position.
Just holding my position, LOL.
He is a buffoon.
Body language of Phil demonstrates an offer. If Phil's own words turned out to be complete B.S., what does that say about his body language.
This may be the dumbest thing Kenny has ever written and that is a very high standard.
This is only two legs of a three legged stool Ed and does not mean anything without confirmation that there is a commercial reservoir. This is paraphrasing Dr. Mike.
We know nothing right now except that drilling could not be completed.
If there is no confirmed reservoir, "the extreme pressure gasses and components of active petroleum system" mean absolutely nothing.
We wait and hope they can find a way to complete the drilling.
Yes Getit, they did. And I actually believe what Dr. Mike says because he has been straight with investors thus far. WE AGREE ON THIS GETIT.
Others here do not. My point to those was to skip the words and wait to see the resumption of drilling, at the same well or a new one. If they go at it again before starting at other sites, it SHOWS me that they are pretty confident they have something important at Wahoo.
"If they don't end up resuming drilling, which is unlikely imo, it would probably be because they couldn't find a safe way forward."
I cannot agree with this and would not give the company a pass if this was communicated. If they don't drill further, it tells me they believe Wahoo is not worth pursuing.
I would take any statement that they will permanently stop drilling at Wahoo due to safety concerns as a sign that Wahoo is a bust.
"Significant quantity of gas came the formation" is not a sentence for starters.
Secondly, there is no indication, positive or negative, as to whether there is a commercial gas reservoir there.
All longs hope that there will be but do not suggest otherwise at this point as such a statement is false and misleading.
My question is this. Will Wahoo be put on a shelf or will they continue with it over other potential resource sites?
I am not making a huge controversial point. All I am saying is that for those who are questioning the companies words, look to see how they act. If they do resume at Wahoo with the same well or a newly spudded well, it clearly demonstrates that they think they have something worth the money and effort.
If they do not make additional efforts BEFORE spudding somewhere else, it means to me that they do not consider it to be a big find.
The whole argument this morning has been how to interpret the news that drilling has been suspended. Parsing the press release gets us no where.
Don't worry, I surprise myself all the time.
Today's news is disappointing because it does not resolve anything. We still don't know if there is a commercial reservoir at Wahoo.
I will not look to at what IOC says about Wahoo but what they actually do. If they really believe they have something significant , they will spud a second well before moving on to other prospects.
This would not include certification wells at Elk/Antelope which are required and will be done in conjunction with Total.
If their next exploration well is somewhere other than Wahoo, then we will know that they don't believe they have something significant there.
If they move on to another part of the "string of pearls", we know that Wahoo is nothing more than an empty shell.
Something that I will keep any eye on going forward. Others may disagree.
It is difficult to see any sell off beyond that of the market, considering this is such a high beta stock.
Too much noise to be optomistic or concerned at this point in my opinion.
I can't believe you actually got thumbs up for this.
No one knows how to read anymore.
Tom Green had a show where he stationed himself outside a mall with a table and a petition with signs that said "End Women's Suffrage" He yelled how we need to save women by ending suffrage and got signatures from hundreds of people, including women.