Why the continued delay on the SC55 farmout? Their recent July 2014 presentation stated that sub-phase 4 contains a commitment to drill 1 exploration well by 23 Dec 2014. That date may not be possible as a rig needs to be booked which can take several months.
http://www.ottoenergy.com/IRM/Company/ShowPage.aspx/PDFs/1580-10000000/InvestorPresentation
Why no love for SC55, page-8
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