BW Offshore's Press December Press Release:
(Bermuda, 19 December 2008): Anzon, on behalf of the participants in the BMG Project, has given notice to BW Offshore of a termination of the Letter of Intent ("LoI") signed in July 2008 for the supply of a FPSO for the proposed BMG Phase-2 Project. BW Offshore will act according to the conditions under the LoI related to a termination with the purpose of receiving recovery of the costs already occurred in the project."
Source:
http://cws.huginonline.com/B/136844/PR/200812/1278768_5.html
Extract from BW Onshore's 4th quarter Report:
"On 19 December 2008, Anzon, on behalf of the participants in the BMG Project, gave notice to BW Offshore of a termination of the Letter of Intent (LoI) signed in July 2008 for the supply of a FPSO for the proposed BMG Project. BW Offshore will act according to the conditions under the LoI related to termination seek recovery of the costs already incurred in the project, however all project cost have been expensed in the financial statements of BW Offshore. The Company believes that part of these impairment charges and write-offs will be recoverable going forward."
"the Company has provided for the project costs related to the BMG project. The Company cannot recognize the claimed reimbursement from the BMG partners as the outcome of this claim is not deemed “virtually certain” according to IAS 37."
....................Q4 2008
Expensed BMG project 88.8
Source:
http://hugin.info/136844/R/1291008/291467.pdf
Regards
SP
- Forums
- ASX - By Stock
- bmg litigation
BW Offshore's Press December Press Release:(Bermuda, 19 December...
-
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add ROC (ASX) to my watchlist
|
|||||
Last
10.0¢ |
Change
-0.005(4.76%) |
Mkt cap ! $10.01M |
Open | High | Low | Value | Volume |
10.0¢ | 10.0¢ | 10.0¢ | $2.804K | 28.03K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 50000 | 8.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
11.0¢ | 26592 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 50000 | 0.085 |
1 | 12512 | 0.080 |
1 | 17464 | 0.075 |
1 | 15000 | 0.066 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.110 | 26592 | 1 |
0.115 | 100000 | 1 |
0.120 | 178571 | 1 |
0.135 | 29500 | 1 |
0.150 | 69351 | 2 |
Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
Featured News
ROC (ASX) Chart |
The Watchlist
1CG
ONE CLICK GROUP LIMITED
Mark Waller, MD
Mark Waller
MD
Previous Video
Next Video
SPONSORED BY The Market Online