ensign rig, page-48

I have preferred to keep my gob shut as others are more astute on ICN and BPT than me.
It could be that the rig is delayed due to incompetency
or it could have been ordered late or as said wx / industrial problems whatever.
yep. I prob think that the delay either orchestrated or not is advantageous to BPT . I think ICN would have to stumpup a CR which could dilute the SP even further on this news .
My belief is that it is not a conspiracy , just advantageous to BPT and they wont pull strings and just let the rig delay playout , they themselves have plenty of cash re rights issue and they have more than one continent and one well to administer etc and obtain its revenues..so they can wait out ICN ...even after an ICN CR...
This ICN contract is I'd say a heads of agreement signatory only....a lot of ifs and buts and walkaway clauses etc..
Myself.....at this stage I wish a takeover at a premium
or not , at least we will get progressive management and have more irons in the fire . If atp 855 is a duster what do we have ???? With / as a BPT shareholder , atp 855 pel218
is a duster also we have other paying tenements and can move on etc .. same senario as an ICN shareholder what do we have????
If there is no T/O forthcoming in a few weeks I'll sell ICN and put it into BPT...the risk/reward factor is to either gain some on icn as a takeover , lose on a duster ,
or be safe either marginally way in BPT...
I was present at the BPT agm and Reg's voice is still ringing in my ears when mentioning pel 218 ..one word..
HUGE !!!!!!!!!!!!!!!!!!!!