Can't disagree, Felix but while waiting for this dog to hunt, Transier should be serving a ten year sentence for stupidity. Unfortunately, being stupid isn't illegal. But, with the destruction of shareholder equity over the last ten years it's a crime, nonetheless.
I almost fell out of my chair when he declared that winter activities in the North Sea will cease.
What, he just realized that harsh weather leads to problems….expensive problems that a third rate outfit like END can't afford?
I hope we get two news directors that figure a way to to3s his tail outta there. He is a disgrace to the word "management". He patted himself on the back for managing through these "unforeseen setbacks". Well, if you play with fire you'll get burned. Frankly, I'm surprised he hasn't committed sepulka.
As for the Alba deal, Conoco pulled his pants down in Macy's Time Square window. Did was clueless about the P&A costs. Come on!
He should stick to accounting because he sure ain't cutting it as an E&P operator.
Every day closer? Nothing has changed. Transier is still BS-ing us as he always had. Recall that on the 11/6 CC Rochelle E-2 was in completion and once the 60 meter tie-in was made (scheduled for December) production would begin by year end.
Quelle surprise! Another missed deadline. What is this? The 20th in a row?