exactly correct hyper and it smacks to me as though BHPP being...

exactly correct hyper and it smacks to me as though BHPP being the giant corporation have found a rig BUT had not obtained all the necessary small item approvals like marine dept, environmental dept - cutting disposal at sea etc etc. One would have thought all these small item would have been in place bit i also know what big Cos are like at times and can be quite disorganised - in many cases it does not matter just an extra little cost that does not effect BHP - it would a smaller Co but NOW they have been caught by the elections and cannot quickly get the approvals.

i do not know why force majure needs to invoked though - such talk scares the market and if the above is close to correct why then force majure because that does not get the rig any quicker - force majure only AFTER no approvals obtained, lose rig contract and August not achievable??