sue - galoc in two years - not rocket science

Sue - I hope you are wrong regarding 2 years to get Galoc on - I figure it is pretty straightforward, drill a couple of wells, get a small FPO, contract a tanker and start producing. If you look at Cliffhead, Roc has been jerking around with this for months - schedule blowout, cost blowout, reserves less - ROC was never too good at operating and delivering goods - but then Galoc is alot simplier - key thing is the rigs and the steel kit - if they get a bit lucky and find a rig openning then they could do it much quicker. By the look at Nido's other "irons in the fire" they could be looking at a 5+ well drilling program which would be brilliant. The market has come to expect bs from their MD's so excellence is never even considered.

Think you should place a small wager with Whitby regarding the timing of Galoc - will make for an interesting email at least.

Mr Fixit