Re-posted with correct dates
According to the the Transocean Fleet report of 16/01/2012
see
(http://www.deepwater.com/_filelib/FileCabinet/fleetupdate/2012/FSR_Jan_2012_01162012_FINAL.pdf)
in footnote 29 it states " On December 31, 2011, we received a notice of the joint contract among Transocean BHP Billiton and Petronas Carigali for the Deepwater Expedition for non performance."
It would seem that this may have been public knowledge as of 31/12/2011.
I suggest the wise read some (if not all) of the posts here as of 02/01/2012 and look at the share price of Otto over the past three weeks and do the math.
The Question has to be asked, "why was the market not Informed as of the 31/12/2011" when the contract was terminated???"
IMO DYOR
Re-posted with correct datesAccording to the the Transocean...
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