A miracle thus far yes but zero optimism expressed by execs and JB reinforced his negative outlook (I gather from early shows). At best if MJ2 proves commercial, I wouldn't expect a gusher. Givot was marginal at best.... we need a decent winner that can support enough interest to pay for another well likely to cost at least 100 million... and we only have 2 million in the bank with a crazy overhead burn rate.
BTW didn't MJ1 have multiple zones of interest as well that turned out to be duds (are the zones found in MJ2 at same intervals? The only real zone of tremendous interest is the deepest targeted with a 6" hole)
How come nobody is mentioning the exec's pivot to how valuable our rig rental potential is? Why was this even mentioned? Obviously not a bullish signal ?? ??
We need another miracle that hasn't manifested itself just yet.
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