Acamas,
imo what is important is what they do subsurface, and on the seabed. What they do wrt FPSO capacity is really secondary, and changes such as aquiring another FPSO can be taken progressively.
Also imo stakeholders will all be relieved and happy enough just to get PSC B in total successfully producing at 75,000 bopd. I am surmising that current planning is about bring Tevet into the late 2007 program to ensure that this occurs. I would then assume that depending on the confidence in this being achieved a decision to procure a seperate FSO or FPSO forTiof can still be made.
It was a forgone conclusion a month or so ago, that rates would not be very satisfactory until late 2007, and that a lot of patience is going to be required. I for one am not prepared to take the kind of loss I would by selling up now. I reckon sentiment is heavily outweighting (the already severely damaged) fundamentals. Hopefully someone will initiate a change of management.
Entropylord
HDR
hardman resources limited
