re: i got the impression, that they were being dilligent with all on ship testing,,and given further that first oil is on its way.
Maybe with the BG texas problem,,they are just taking being prudent.
I got no vibe of anything wrong,,rather, hopeful for to acheive MAY first oil still,,,if not a week or so plus.
What does the volume of buying we saw on tuesday,,when the rest of the market was in melt down tell you??
It tells me that institutions were taking up what they percieve as a last window to get in, and they were not going to cut it any finer than days in week/s.
Its not like we're drilling for an exploration result.
The oil is there, and its a matter of being careful, and getting it right.
Maybe next time, onto Yakal they will be a little faster.
But for the re-rating,,,i would expect to 25c plus,,am prepared to hold fast.
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