I recall a couple of years ago a Woodside presentation by Voelte in which Tiof was earmarked for mid-2007, I think first of a staged development with the first stage of about 50kbopd. Looks like they won't have even finalised the development plan by then (if indeed they go ahead).
So much for a mover and shaker. If there are management changes occurring Volete should be one of the first to go, he's had his eye off the ball way too long.
HDR Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held