rig tenders, page-33

I agree A4.

There is just too much side infomation that conflicts with the course of sales atm.

It is reasonable to suggest that EPR would have had zero requirement to announce a 46 day situation if BPT had known ( subsiquently JR would have knowledge )that Fermat was a duster.

An understanding that if logging had been unsuccessful, the rig would have been released last friday and moved to western port over the last weekend.

An understanding that by the time the rig has been released from fermat, some 7, 8, or 9 days would have transpired, which is more in line with the time required for well completion for production, than p&a.

As it stands, if the rig moves to western port this week end, what will the wednesday update say ?

If EPR had been fully funded, holders of epr and bpt would have surely received at least 2 updates by now.