JPR
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36.0% 1.6¢ jupiter energy limited

Turnkey (or any fixed price contracts) are a double edged sword....

  1. Good Oil
    5,936 Posts.
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    10/02/10
    20:22
    Post #: 6314500
    Turnkey (or any fixed price contracts) are a double edged sword. Consider the guy who tenders $20k to paint your house. Weather delays , staff issues etc and he soon is 'in the red'. What does he do? Cuts corners to complete or wriggle to the best of his ability.34 days is well past so does anyone really expect the Kazahk drilling Co to honour their obligations? Perhaps another 'lesson learned? DYOR
    JPR Price at posting: 4.7¢ Sentiment: None Disclosure: Not Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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