Just wondering when XER can submit the FDP. The only contractor MOU outstanding now is the driller/rig, after which they will know in principle the main cost parameters to finalise the funding with the lenders, and the plan to complete the FDP.
If as RC has maintained the funding options are known and it's basically a determination of the quantum, once knowing that would they then proceed with the FDP, perhaps having a codicil with the lenders re funds amendment subject to the Autumn budget news. Or, would they wait that budget speech out and submit mid December. DECC won't be concerned about the detailed profitability aspect, just that funding can be demonstrated.
Whatever, it does not seem like any jv partner will show before the FDP is in, one would think in fairness to their proposed partner they would have showed their face and support by now. Unless discreetly Statoil and the NDA's, it's not happened. So if one does plan to come in after the FDP is approved, then the farm in price should also be materially different, perhaps another plus for XEL to get the FDP in asap, on their own.
Well I've been thinking this share is so rediculous at these prices, I recently sold my BLVN shares in order to get my average down to 78.6 pence. If only I'd waited until today!! Oh well I made my bed and quite happy to hold. No point in "lane changing". It's the long term for me. Tim tee tum
Further to a tomthebomb post on II re Aker Solutions, that company has now split so not quite sure which one is carrying on the Mariner/Bressay connection for drilling/topside equipment package. However Baker Hughes also has a subsea production alliance with Aker Solutions. So wheels within wheels, though the drilling package clearly will be different for Bentley, as Statoil for Bressay still seem to be persisting with drilling off a large fixed platform similar to Mariner, not the j/u rig/ACE planned methodology of XEL.
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