bop, page-19

Spoke with KAR mgt today.

Likely update friday or early next week.
options are:

hoping to fix BOP asap and get on with drilling (10 more days to reach TD)

Cant work out what's happening with BOP, source another rig, apparently they are already scouting (worst case scenario)

Transocean are covering all expenses as it is their faulty equipment. COP are riding them hard and they have brought in a swathe of experts to sort it out asap.

Lets hope they can fix it because if they cant, it is not a new BOP they can source, it is a new rig with the accompanying BOP.

Does the current SP make me dry wretch and then vomit in my mouth?????
YOU BET.

I am super confident that once this hole gets going again and the FO in SA is signed, I will be a vey happy little share holder.
As has been said before, this is O&G baby, but lets hope that they can fix the BOP and get on with it. Better to have a situation like this than a faulty BOP, spill and then lights out.

Hold the faith gents, tortise and the hare.