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SOB do you really think Officials from the PSA would deliberately make public false statements?

Trent, yes recd end October

The PSA Official did not say exactly, readers need to form their own conclusion from the statement.

Following this question to Norwegian PSA..." has the regulatory investigation on West Pheonix completed.......the rig has moved?"

Answer today states,
"NO, the West Pheonix investigation has just started. Will continue for a while"

Do you think they have discovered a Body?

Remember Norwegian Petroleum Safety Authority are conducting an Investigation.

Hi Herron hope your summation is correct and that Equinor show generousity. Don't forget the first, unsuccessful drill in August 2017 was a freebie for JOG and only the sidetrack ( successful) did the company contribute towards.

It is reasonable to believe one does not get something for nothing and imo Equinor were astute enough to make sure they would get first call should a Junior partner want too cash out!!
A cynic could even think the change in drill programme is a softening up process remember the other 2 sites within UKCS Equinor are equal Partners!!

If your SP projection is anywhere near the outcome, most will be very happy, however I, for one, am not counting my chickens.

Ah you mean chicanery. That is a serious allegation. Hope you have a good Lawyer

Explain? Do you mean more than one way to carry out an Appraisal, get best value or what?

Herron, really. Does it not occur that Equinor being the Major Partner have probably some say in the possible acquisition of JOG's equity in the co-owned assets.
Get real indeed.

In January the company announced it's intention too acquire late-life Producing assets and that a number of opportunities were being investigated.At the time of this statement oil prices were low, compartitively, Verbier Drill was planned for the summer. Later AB announced the difficulty to acquire Late-life assets which would add Shareholder value, it would seem, with the increasing oil price, significant interest was/is being shown in such assets. In essence much money chasing fewer and fewer value producing assets. Could it also be the BOD had expectations the appraisal drill would confirm a precise reserve for the Field(s) and this would enable further funding of ear-marked Late - life assets?
Have the imposed delays now thrown a spanner into the works ( acquisition of production assets)?
Is it conceivable, when the Appraisal drill results are determined, the Producing asset Ship will have sailed, in which case what is the Company's strategy for the future?

EPS well up, net profit, big increase, dividend well up
Virtual 20% decrease in SP in 2 days
. Am I missing something? Or is the market crazy?

Good buying opportunity

The Contract should have penalty clauses, allowing for "Acts of God". Cannot believe lightening has struck not twice but 3 times in the same place ( Drill timetable changed 3 times so far). There is also the probability opt-out clauses are in place to cover prolonged delays.
As most understand, drilling activity is putting a premium on Rigs, if one can be found!!

As always JOG are not in control.
PI's being able to extraplilate and pass on information before BOD is never good.

The 3D seismic survey completed in June, results were to be used/ available for the Appraisal Drill.

Is it possible to release those findings now?

Shredders quite agree.
The fire event this week is not inconsequential as some think.

...and what damage was caused?

If there are Drilling Experts here, it would be good to have their opinion and significance of the Mud Lab event?

That may well be, however the BOD should be advising PI's and not seafish.

It has been said many times before, Junior partners have little say in most organisational issues.

This demonstrates how our BOD is being informed, similar to events in the summer.

The BOD needs to release a RNS as promised in the September trading statement.

Some issues I have experienced and believe staff training requires examination as does customer awareness.

Have used different Inns in various parts of the Country, most are smart, some require serious re-vamping, are dowdy and shabby. At one relatively modern Inn in the Midlands, the room was clean, tidy and comfortable until I go into the bathroom. The toilet had clearly not been cleaned or checked before occupation. I informed the Receptionist, who was very good and immediately completed the cleaning. The young lady was most apologetic and I did feel sorry for her....she should not have been put in that position. Am sure another Guest would not have been so generous.
On another occasion when arriving at an Inn in the South and after a long journey, found myself waiting several minutes for attention from the Receptionist who had a dual role ( Bar attendant) and was more concerned about personal chatter at the Bar.

I have had good experiences at Marston's Inns, the issue being Bad experiences will always resonate within Customer's minds especially with the use of Social Media.

I do hope Marstons are not out-growing it's ability to provide a 1st Class service in every area and have secret customers who are reporting back issues which prevent bad press.