Wot's going on?12 Jan 2013 21:29
5 years struggling to get a single well flowing at the end of a spit of land at the western side of Newfoundland and still scraching their head why it won't. Blaming a bad well competion now and a workover needed but they have no rig. "Just an engineering problem, but we have a couple of guys in Manchester working on it" , MANCHESTER!!! Why are they not in Calgary?
This spectacular failure now apparently qualifies ENEG to be a shale gas fracking operator in the Clare basin in Ireland . EH?
And they are now the partner of choice with Wood Group and ABT to become a North Sea producer with no offshore experience . EH?
And the Koreans have selected ENEG as technical experts to find oil in a Jordanian desert and given them a 5% free carry. EH?
And now we are waiting a production deal in North Africa which will blow your socks off. EH?
All this upside from a company that cannot get a single well to produce oil in Canada after 5 years of trying.
Wot's going on? Sounds like a load of Horlicks to me.