I believe the issue is not Lukoil but NA, and I do not know how soon we can expect news on this.
I suppose timings are pretty good now, with so many projects on hold and rigs going on the cheap, but if NA need finance, it might not be possible to get any (not sure if NA are cash rich or not?). And if you wait for POO to rise and become bullish, there might be shortage of rigs as a sudden realization that an oil surplus might become an oil shortage..
Lets hope NA as operators are reading the market correctly and start drilling at an optimum time!
On that matter they have been extremely disrespectful to shareholders !
With regard to Etinde I`ve been told Q3 2016 as his best guess. NA are now operators so we are all in their hands, so waiting is the name of the game now and as frustrating as it is , there is still a long frustrating journey still ahead of us.
Tiler, Many thanks for your reply and I like you have sizeable losses as things stand (120k) however the SP was already getting hammered well before the collapse of the Industry so I do not agree with your statement it's industry wide.
I do not think we will see any activity with Etinde this year and maybe not next however I hope I am proved wrong.
Finally what is your opinion regarding the recent award of shares to the BOD?
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