InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
Subscribe Login/Register
S&P 500
5,071.63
(
0.02%
)
US TECH 100
16,867.60
(
-0.80%
)
Dow Jones
38,460.92
(
-0.11%
)
Brent Oil
87.30
(
0.09%
)
Bitcoin
64,241.33
(
-0.06%
)
Post# of 7831
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Replies (2) Keep Next 10 Report Keyboard Shortcuts
Replies (2) Next 10 Prev Next

pothsand

Send PM Follow Ignore
Followers 0
Posts 18
Boards Moderated 0
Alias Born 10/30/2018

pothsand

Re: db7 post# 2244

Wednesday, 05/22/2019 12:24:47 PM

Wednesday, May 22, 2019 12:24:47 PM

Post# of 7831
The PR was basically an attempt to save the stock from absolute destruction.

If they found anything of commercial value they would've run completion pipe and starting the process of getting the hydrocarbons to sales. Releasing the rig is a tale sign of a "dry hole".

Operating costs in the GOM are beyond comprehension. Why would they release the rig only to get it back at a later date for completion? Such a plan doesn't make sense to me.

Rig Mobilization/Demobilization costs for such a task would be in the 7 figures.
Public Reply Private Reply New Post
Keep Last Read
Replies (2) Keep Last Read Next 10 Report Keyboard Shortcuts
Replies (2) Next 10 Prev Next
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Detailed Quote
Recent GSPE News
More GSPE News
InvestorsHub NewsWire

Axis Technologies Group and Carbonis Forge Ahead with New Digital Carbon Credit Technology • AXTG • Apr 24, 2024 3:00 AM

North Bay Resources Announces Successful Equipment Test at Bishop Gold Mill, Inyo County, California • NBRI • Apr 23, 2024 9:41 AM

Epazz, Inc.: CryObo, Inc. solar Bitcoin operations will issue tokens • EPAZ • Apr 23, 2024 9:20 AM

Avant Technologies Launches Advanced AI Supercomputing Network and Expansive Data Solutions • AVAI • Apr 23, 2024 8:00 AM

BestGrowthStocks.com Issues Comprehensive Analysis of Triller Merger with AGBA Group Holding Limited • AGBA • Apr 22, 2024 1:00 PM

Cannabix Technologies to Present Marijuana Breathalyzer Technology at International Association for Chemical Testing (IACT) Conference in California • BLO • Apr 22, 2024 8:49 AM

Start posting your company's news
Only $200 per official company press release!