Are they being funny or what!!!16 Jan 2017 18:39
The Directors are firm in their view that the Company will not take on uneconomic work in order to have its vessels in service. Accordingly, it is likely that the vessels will remain inactive for a considerable period until the oil price recovers and exploration and production operations return in the shallow water areas of the Gulf of Mexico. The Company will continue to incur maintenance and docking costs which may not be covered by its earnings while the vessels remain inactive. The Company’s strong cash balance will enable it to adopt such an approach for the foreseeable future. Upon a recovery in the market, Global will determine in what order it will put its vessels into service (if at all).
Ha ha ha!!!