That there has been no trading update for the months of December and January. Clearly output and the decline rates are necesssry to validate the share price and hopefully see an increase.
Sadly Txp communication policy is non existant. No information on where we are as regards testing and the supply of gas or any explanation for the delays.
Sadly I agree with Art's analysis. Kon 16 is at least 12-18 months away. I bet they have undertaken no work whatsover on Kon 16 in the last 12 months since they acquired the licence.
Sadly I can see this taking until at least Q4 to conclude. Whilst hopefully there is a degree of urgency from Savannah to conclude the deal we are none the wiser on SS position and what the sticking point is.