The Carnac Dredger was working both Saturday and Sunday, as was Loose Cannon this vessel appears to be used as a supply vessel for the two barges. Working the weekend is good as they would be paying hire for vessels, so use them. I have said before this project is now in the hands of the contractors. They work to strict time tables, and will be taking advantage of weather conditions offshore.
The Carnac would have been site leveling near the Ensung 1200 over the week end, last Friday dredging a channel where the pipe line comes ashore, once the beach is cleared the pipe line will lay on the seabed it is not usual practice to bury under water pipelines.
The project appears to be on time as per CWE's previous announcements.
CWE Price at posting:
5.1¢ Sentiment: ST Buy Disclosure: Held