Pretty quiet in here

[efi426hemi]

I can absolutely guarantee any delay is not due to Petromin.  Delay is most likely due to rebids (which I am sure was made know with the final bid notice for the 28th).   Think about it, if IOC has to wait 8-12 weeks longer to get another round of bids from the losing parties that may then:

• increase the bid/mcf by 0.25
• get a guarantee that any cost overruns are absorbed by the bidder
• gets a bigger upfront cash injection
• bidder takes a smaller percentage of the resourse

Don't you think that is worth the wait a measly 60-90 days.  We are talking hundreds of millions of dollars here and a relatively short timeframe.  E/A is the prom queen and everyone wants to take her home, just ask Woodside.

Use or Flush and Keep it on Ice,

Hemi