Hopr16 Jan 2021 16:45
Dear All
I hope things will move faster than we expect:
a) PMO takeover proceeding at lightning speed, court case rubber stamp in Feb, things do not normally proceed at such a pace
b) Licence due for renewal in May, FIG would ask as all 'work' for FID long since completed, and Harbour financing avaoable, why would you need an exteniion, get on with it! FID before May.
C) Scottish elections in May, Boris would like good news for Aberdeen before that
D) COP in November, no-one wantsa oil announcements just before that
E) Need to pay lawyers a bit extra to get on with due diligence, but they have already had a long time for that.
IF Harbour want Sealion, why would they delay? The work is all done, just need money committed. Whether or not Navitas is included should not affect the above. The current oil price helps (esp with OM), but should not affect decision to go ahead with SL, that is years ahead. If Harbour believe in oil, then SL is there for the taking.
I appreciate I am glass 3/4 full, but...../..
Cubane