I should add, having gallingly had the very rig in place that could have carried on to first full production, then releasing same early to facilitate this wonderful phantom so far plan B, is increasingly looking to be a very poor decision in the light of the seemng current state of play..
What would be useful is a statement from XEL, backed by Statoil if possible, as to where does the relationship go with the two companies from here in the light of the XEL data and ongoing reported discussions. Is there a hub as per Woods in prospect? Do XEL think they should wait further for co-operation, which still seems a clear economic benefit to both companies, or can they tell us the old plan A, perhaps with some further modification, is what they are going to crack on with now.
spot on - "agenda" - but surely they wouldn't have an agenda as they hold no positions in the stock? and equally i am sure that their aunties next door neighbor who drinks down the pub with cousin erick also doesn't hold any positions....
For sure RC as XEL ceo, if he thinks he has friends in the industry that have been making verbal or written promises behind closed doors as to joining with XEL, Oilcos, AMEC, whoever, who in turn have been making him seem over confident to his stockolders in his predictions for Bentley production dates, rather in the mode of a CLC, he needs to be on the blower now calling said commitments in to in turn be able to make some form of positive announcement prior to the AGM. Otherwise while fortunately all the oil is still there, with what will be at least a three year delay now to first production, he needs to consider his position as ceo, whether as events have transpired he represents the right person to carry XEL forward to that position. Jmo..
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