Of course we know they are going to take the charge for that dry well but could the nongaap number be betterthan expected?
They did make this following statement last qtr:
"Sequentially, earnings per share for the second quarter matched our first quarter. With the completion of most of the rig activity in offshore Gabon during the first half of 2013, we expect an increase in production, generating an improvement to our cash flow and balance sheet for the remainder of the year."
Sure your last name isn't "scuttle?" This ship is headed down along with the price of oil. Yabba.... oil sure is moving in the direction I mentioned earlier.... There's too much oil on the market and no one willing to buy it. Companies like Dry Ships might be a better play here.