One can only think that maybe the Statoil situation with Bressay and their involvement, or not, with XEL in Bentley might have come up as a last minute glitch to the best laid plans, after the timeframe leading up to his appointment. Perhaps prior to that everything looked rosey in the XEL garden. The sp's been in a downward dive since news of his job, so that sure did not help.
I'm starting to think north sea oil is being left where it is on purpose,are we waiting for the "cheap and easy" middle east oil to start to run out before anything happens here? Half tongue in cheek Half serious
Yep, there are a number of tantalizing scenarios one can imagine with XEL from the words and actions of the likes of RC and AF, such as in AF's case why would he accept that cfo job on the basis of being a poisoned chalice. Ditto for RC as to why XEL delayed the production prospect of 2012, and went into the expanded development plan with $700m capital requirements for same if there was any chance of it not going ahead due to lack of funding, or having a viable plan B in place. Baffling in view of the delay of positive news, on time, and the state thereby of the current sp.
Ugiebear, I hardly imagine AF would want a failed CFO appointment on his CV after 17 years in the financing industry, he is 44 years old, a long way off from the end of his career. Given the date he took the position he would have a jolly good idea whether taking it would be a good career move one would have thought !
If I were him and had concerns about XEL's future I would have declined the position.
If there is an increased RBL available, like $3-400m, acceptable to DECC, and it's accessible irrespective of XEL having to jv with a major, with AMEC being accepted as the duty holder then he's got a job to do, tho some clarity as to just what he's helped put in place that's workable now would be good to know.
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