Just spoke to PC. I a nutshell all is on track. The reserve reports are practically done and will come out when they are due RS i think next week and then the Cobb after the flow rates have stabelised. All wells have been treated for the hydrates but it is a waiting game to see how they take to react. Could be 2-3 weeks but at this stage the wells are behaving as expected.
Couple of interesting points. GS have practically done their work for now they are just waiting for the final reserve reports before they can start to sell us all up. Hostile take overs rearly occour in the USA. Assets are generally not sold until they are officially put on the market. There has been only 1 oil co do a hostile takeover in the USA (woodside) and have since reported they will never be doing that again form the treatment they received for the takover.They are not at all concerned about the apporaching winter for what we need to get done. All in all business as usual.
I feel a bit better speaking to PC.
MAE Price at posting:
57.0¢ Sentiment: Hold Disclosure: Held
