AT20 Feb 2019 09:23
I think both Company's are dodgy tbh. Who buys a load of old boats any lays them up? lol
Reading their website, they valued their Colombian asset at £75mill pre oil price crisis, then at £0 in 2015. It had to be worth something, so it was possibly just an accountancy write down and now the oil price has recovered somewhat, let's hope they realise that £75 mill price tag in the imminent asset sale.
Fingers and everything else crossed.