Hi Geli,
I don't perceive any negativity in the posts at this point in time.
What did come as a big surprise is the revelation that FAR is in for a 24.2mil "bill" on top of the farm-out agreements. Until now we all figured that FAR's contribution to the maintenance and delays will equate to some 1.5 - say 3mil but from the report it now appears that FAR is in for the full amount of blow-out costs which exceed the agreed capped amount of 196mil. Had FAR been in for only 15% of the excess costs and the 15% amounts to 24.2mil, it means that the actual blowout costs should be in the region of some 160mil, which, off-course cannot be the case. This then suggests that FAR is in for all costs in excess of agreed capped costs - thus leaving FAR very vulnerable at this stage.
Not negative but facing reality.
Regards
Ann: Quarterly Cashflow Report, page-18
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