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Ann: Cost Reduction for Cornea-3 Exploration/Appr, page-19

  1. ronstieb
    8,906 Posts.
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    28/11/09
    16:15
    Post #: 5976848
    re: Ann: Cost Reduction for Cornea-3 Explorat... LoveCCE
    They are CR'ing now because they receive the rig for B/Heart and Cornea in early December. The rig was booked nearly a year ago and failure to takeup their slots could result in penalties up to $400k per day.

    I agree the timing of everything sucks but that's mainly due to MEO setting several targets for farmout completion then missing them.

    MOG Price at posting: 17.5¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch.  Great analysis
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