bop, page-22

What a joke, they've been announcing for over a month that they are trying to fix this thing, ordering parts etc and now they're telling you (and not the public for some apparent reason) that they may not actually be able to fix this - bunch of spivs! So option 1 will either be another 5-6 month to wait to see if they can fix it or option 2, locate another rig which presumably will take another year.

I think Brazil/Santos is abit of a pipe dream - since the IPO debacle, they have been claiming that there are parties interested in investing for close to 3 years now - if they are so interested, why hasnt a deal been done yet? And the market has already given zero value to the SA assets.

Gentlemen, GL but I get a sense this is heading below the 52 week low by the end of next month!