better late than never....

Well the update came a bit later than anticipated and, clearly, the market has its own verdict on the info it contained. Having said that, I didn't think the announcement was all that bad. Quite the opposite actually. Yes, there have been delays but the plant is hooked up and operational. 201 is feeding into it. There are some issues with condensate (which, from my point of view is a good thing as condensate attracts a premium to gas). Sure, it will bring with it some initial separation issues but these will no doubt be fixed. 202 is a bit of an issue, but I for one am prepared to sit back a bit longer and let the technical guys do their job. Not sure this announcement warrants the rather substantial sell off this morning. Anyway, that's just my view...