Nostra Terra is pleased to announce the engagement of Quixote Associates as consultant to the Company to assist in the assessment, due diligence and financing of potential transactions....Tom Reynolds is the principal of Quixote and is highly experienced in the oil and gas sector. Mostly recently he acted as CEO of Bridge Energy ASA......
With a name like that thought they would be going for wind power.............
Wonder if these guys will show up at some stage in a MOU, with their Peregrino HO experience, and other Statoil North Sea fields connection, though they primarily work off fixed platforms.
Their modular rig also interesting, the XEL ACE is not currently configured for drilling, though it is elsewhere. Could a modular rig on the ACE replace the requirement and cost for a j/u, or is capability/space/capacity a concern, could free space on the FSO be used. The drilling's planned to be through the central leg of the ACE, so stability or any keyhole reqt on the platform presumably not a concern. If possible would be a huge cost saving, either at start up or change out later.
Plenty of room in the sandpit boys and girls - come on, play nicely. On a serious note it's embarrassing, chill out, life's too short!
Anyone who takes the time to post on here has an interest in one shape or another - most have been bent over and stuffed. Either way, I have no doubt (and I mean no doubt) this is now in recovery mode. We have been conditioned to believe this price is acceptable, it isn't! Just look at other popular PI stocks such as bvln, gkp etc. and you will realise that many have been mugged (great assets, no funds = city play thing). Sit tights, in my opinion the past is the past, and this is the beginning of the end!
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