Rexsh, I agree with you that the vertical carried a very low...

Rexsh,
I agree with you that the vertical carried a very low risk % and to our excitement it was completed without issue and the event warranted an announcement to the market for such a wonder achievement
You would have to agree that we are now entering the most risky part of the project. Not the drilling and alignment of the horizontal. That is childs play for the drill contractor. I am referring to the underground unknown risk, such as will the well hole caviate either before , during or after the frack. Will the horizontal cleats clog up on flow back. All this type of risk NOT associated with the geology. Then you have the geology risk on top of this, such as can the coals sustain commercial flow rate ..... over a continuous period of years or decades to repay the capex blah blah. So without going there ......
Any 1 of the number of high risk events can reduce the COS to ZERO , thus rendering our investment to ZERO , meaning no Oysters just stale Vegemite sandwich.
I am not wanting a stale vegemite sandwich outcome . However lets not kid ourselves .... the real risk events have NOT even started with this stock. When the Horizontal is drilled .... still not even then. It will be during the fracking that IMO the first major risk event happens and only then can the COS move from ZERO up to probably 25% chance then.
Disclosure: I know next to nothing about drilling horizontal wells or fracking. I work in medium rise construction and risk events happen all the time, only once you come out of the ground can you start to better manage known risks, before then ... well anything can happen.
That said ... eventually building get built, the engineering get changed, you get time and cost overruns though.
Strike does not really have that luxury. any 1 of the events noted above could significantly warrant this project to become achievable and or un economical. Know your Risks is all !!!