Where were the mandatory credit checks by the operator in...

Where were the mandatory credit checks by the operator in selecting a drilling contractor that is going bankrupt. So any expense in that direction should now be on hold.
Most of the up front FPSO costs could have been avoided had we a lease arrangement in place. That would leave only minimal progress payments for subsea infrastructure to accomodate during this period of pain.
Development costs could have been minimised with little effect on the project schedule, allowing the JV emerge in a much stronger position when all the pain of POO and corona subside.
Thanks WPL you are a real horses arse, your actions to date are contributing to the pain and certainly not reflecting the prudent management of a star operator. IMO
Anyway we have what we have and with the oil market imploding almost daily, relief in the oil price may be sooner rather than later. Upturn in POO will herald in a stampede of mergers and acquisitions. My preference is a partial sell down with CNE to Petronas, CNOOC, BP or TOTAL.
Followed up by free carry drilling on the Gambian border to confirm SNE runs into the adjacent blocks. If it does all is forgiven, the big picture has emerged and management are all heroes again.
We still have many options and financial cover for the rest of the year, so let the shorters spread their theories of pending doom and gloom. What develops leading up to the AGM could be critical.