That's the most sensible post I have heard on here for a long time. It seems some have a good insight in to how this game works. Others just live on blind hope. They possibly will work it out one day. Or..maybe not.
I expect they don't want to rush around sticking holes in the ground, when they'd then have to sell oil at ~$60 a barrel, and need a pipeline to sell the gas. Better to pretend there is something wrong with the rig until oil prices improve.
When the very well paid BoD of a public company doesn't deliver who holds them to account.?? Our chairman doesn't seem to be active there. Our remuneration committee says You can't have an xceedingly generous package just a very generous one.
Blocks 6 & 7 containing Sapele with Omicron and Epsilon which cost millions to drill are gone
No FO of Bonomo for many years and 10 months after a FO was announced we still wait impatiently for it's imminent spud as the heavy rainy season approaches.
The web site still hasn't been updated. Anyone reading it would get the impression that 6 and 7 are still active and that the Petrofac deal is still on.
This is from the Current Activity page
""The focus is on bringing the existing Etinde discoveries into production. A staged ‘hub and spoke’ development of blocks MLHP-7 and MLHP-5 is planned. Stage I of the development is focused on the development of fields on MLHP-7. First production from Stage I is targeted for H1 2017.
In November 2012 we signed a Strategic Alliance Agreement with the Petrofac Group in relation to Stage I of the Etinde development. The alliance provides potential access to up to $500million of investment capital and to Petrofac’s significant development expertise."" http://www.bowleven.com/operations/cameroon/etinde
So, absolutely I cannot run an oil company, but surely very well paid xperienced peeps should be doing much better??
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