RE: RNS27 Jan 2022 09:27
DFM,
I have been invested since well before the Brockham fiasco, so delays are very important for long term holders here, and are NOT just an issue for the non-invested (what a tiresome 'go to' argument that is for the board experts).
There are tremendous delays with all onshore O&G companies' activities, due to the nature of the requirements and the (sadly) opposition seen from many who do not see the bigger picture (see UKOG< UJO, etc), but, what investors do not want is the constant stream of timeline slippages and cost over-runs, whether they are due to outside factors, covid, or whatever.
Investors, and the markets, want timelines to be fulfilled, expectations to be managed, delivery to create/enhance a reputation and to generate trust in the company and profits to shareholders.
Whatever your camp, surely a more than 15 month delay to first estimate of first gas, regardless of the circumstances, is a disappointment, no?
And that is without including the even earlier timeframe for Summer 2020 that some still use as the first gas target.
It is not quite the 'turning on the tap' from the previous regime of Vonk, but we were led to believe SFB was a relatively quick and straightforward delivery.
For the record, I made good profits here pre-Brockham (through ignoring the rampers' incessant talk at the time), and am sat comfortably here ahead of first gas/sale, whichever comes first.
And, as I have been saying for 2 years now, I am only interested in SFB, nothing else of the ANGS assets.
gla