RE: FID Final Investment Decision Nov?8 Oct 2018 08:02
The delay is starting to get frustrating. Working in the industry I am seeing projects being brought forward due to the recovery in the oil price and projected future demand, yet somehow this project always remains just out of reach in terms of its FID.
I can't help but think that as this is a new province that perhaps RKH should have taken a different route and done something similar to Hurricane and got support for some form of low cost early production scheme to establish the credibility of the Falklands for future investment.
I have reduced my holding in RKH to an amount that I can afford to lose as there are better opportunities in the Oil sector at the moment with activity accelerating. The management need to step up and fast.