'2126' pid='63910' datel Wrote:Some of the 'bad news' press releases in the last year:
IOC Discovery at Raptor 1 (11/14)
IOC Discovery at Bobcat 1 (12/14)
OSH Arbitration Claim Dismissed (2/15)
E/A Joint Venture Selects Sites (7/15)
Total Assumes Operatorship of E/A (7/15)
Antelope 5 Results Suggest High Quality Reef Extends West (8/15)
Antelope 4 Side Track 1 Spud (8/15)
Successful Flow Test at Triceratops 3 (9/15)
Second Rig Joins E/A Appraisal Work (10/15)
All that and $39 will get you a share of IOC stock (which is down over 50% from the transformation deal.)
Most everything on that list is not important. The only thing that matters is certification payment; When and How much. Neither of which can be answered 23 months after the deal.
You even list "OSH Arbitration Claim Dismissed (2/15)". Arbitration and the delay that followed should never have happened.
You also list "Side Track 1 Spud" that is because there was a delay and "Second Rig Joins E/A" which is also the direct result of a delay.
Delays matter.