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07:22
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Originally posted by phillip321
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And I trust you'll do the same on Monday JP. Cath's presso at UBS last week (and to a packed room I might add) made it clear that everything was otherwise on track (apart from being stalled with the BOP repairs). There has been no fresh drilling since that time. If there were hydrate issues she would not have/could not have said that everything was otherwise fine. She also confirmed that so far everything was as prognosed and their models were within 50 meters of accuracy. If the issues were as you described FAR would be in serious breach of several listing rules and the Corps Act. As I said last week it's a BOP issue. I have no issue with differing view points and I do my utmost to respect them, but calling calamity and disaster on zero evidence, and in direct contradiction to widely known facts, is pretty borderline in my opinion. It's alarmist at best. And before anyone whinges further, the above evidence was readily obtainable to anyone who wished to make the effort to attend Chifley Tower for 30 mins and actually listen to what the company says. No secret society/insider/Big Boys crap - anyone could call up and ask to attend. And she was around afterwards to answers questions too.
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Phillip don't Cairn trade tonight, so I guess we could find out before tomorrow morning, surely if the well has been abandoned they would have to announce it before FAR do!
(20min delay)