Eureka! Moment

[sageo]

Nice post LT,

I think one of the other differences this time is that IOC issued a public PR stating that final bids are given by Feb 28th.   They have never done this before.  Also, they are acutely aware that they have blown the timing credibility with shareholders.  So if you know that your shareholders don't trust your statements regarding timing and then you issue a HARD deadline, it doesn't take a genius to know the backlash will be HUGE if you miss that deadline.  Yet they issued that PR anyways.

I may be reading in between the lines incorrectly, but this says to me that they are going to make it happen.  Should be an interesting year end CC.

H&H,

Hemi

Hemi-- Thanks for your post.I realize that we now have a "Hard deadline", and for that I am grateful. On the other hand I don't understand delays on the following: when I spoke to Wayne in early Jan.,he said that they expected to move rig#2 and spud Elk3 by the end of Jan. Yes, I know they are deep into finalizing things right now ,( but as my grandkids like to say to me) how about "multi-tasking"? Can't we finalize,spud,dst and then move a rig all at the same time?Different personnel all working together or am I asking to much of our highly qualified people? H&H back to you !