no news about reconnection, page-18

Lets say it takes 5 yrs to suck Galoc dry, add on say 6mths worth of disconnections due to Typhoons. So 5 yrs and 6mths. Although at this rate more like 1yr and 6mths.

The Oils not going anywhere, so we dont lose money on that.

What we do lose money on i imagine is the day rates on equipment.

But its insurance, we would pay through the nose for it, its high risk.

Do we really need cash flow insurance?

It would come down to the cash commitments over the course of the year, and i imagine, its looked at very closely.

My preference: Manage your cash flow and carry enough cash to allow for the contingencies. I mean were an oil company after all, if we cant do it, no-one can.

If this is done right : Management and the company will build on their reputation, providing confidence in my share price and saving me cash in the long run.

But you see it depends, im a long termer.

Day traders and short termers would prefer WX insurance.

By playing it short, they are building in risk. And it couldnt build any faster than an oiler in a typhoon area.

So if you cant handle it, could you please leave, all at once preferably, so I can accumulate some more :)