There is no proof. The only asset that ENQ have made auccess off is Kraken - main reason: BUMI! Possibly Kittiwake, but then again, Petrofac are the duty holder.
Everything they touch is doomed. Look at the Mortgage Reducer (Enquest Producer) . The North Sea's biggest white Elephant..........
There is no proof. The only asset that ENQ have made auccess off is Kraken - main reason: BUMI! Possibly Kittiwake, but then again, Petrofac are the duty holder.
Everything they touch is doomed. Look at the mortgage reducer. The North Sea's biggest
Evening Alan G. Unfortunately anything other than fact is pure speculation. This time last week nobody had the presumption that a partner might be involved and in all honesty I don’t think there is. What we all know is that Gina R invested a HUGE amount of cash into the project…….now why is that……..to make money, lots of money!
Maybe I did guess it correct last week. Where is this goin going forward is anyone’s guess. But long term we’ll all be quid’s in, that’s not in question.
This share is going to be a long jouney which I for one will be part off. The fundamentals remain the same and we have 1st class leadership taking us forward. The additional costs aren’t a big deal, many offshore projects run way over estimated budget and timeframes, and this project may well be same.