They have been at this for a while. I personally believe the longer the wait, the fatter the discovery. But their is a limit to how long the wait is.
There are three ways this going, and since I am in the mood to waffle, waffle I shall.
The Good
Transition from a small cap oiler to BIG OIL takes time, as a few things have got to be set up.
a) Pay rises for all
b) The biscuits for morning tea transition from Arrowroot to FULL CREAM chocolate.
c) Canteen goes a la carte
d) Upgrade of company cars
e) Stitching up distribution, pipelines, storage tanks.
f) Changing name of CEO to Jett Rink.
Think of the bloke in the movie Jaws, who on spotting the shark said, "You gonna need a bigger boat".
That sort of thing, you know.
The Bad
Things have gone wrong.
a) Well has collapsed upon firing gun, headless chooks running around trying to find bail buckets.
b) No problem with the gun, but the only thing coming up the pipe is AIR.
c) Guatamalan drug gangs have moved in for a 'perceived' bigger earn.
d) Government insisting it's our country therefore our oil. Nationalization of all wells names Atzam.
The Ugly
a) Announcements with photos of oil pit where actually all the oil the well has
b) They managed to drill into a vertical oil seam, that had the width 2 inches wider than the drill hole. A billion to one but they happen.
c) See The Bad
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