Friday, May 04, 2018 8:53:02 AM
from Rowan conf call on May 2nd
https://finance.yahoo.com/news/edited-transcript-rdc-earnings-conference-224254772.html
The rig had been in Trinidad so I had interest in confirming the relocation on schedule
I have the IMO (8768945) and MMSI for the Ralph Coffman but the rig does not appear on AIS as far as I can tell so I am unable to tell when it arrives on station to spud canoe
I figure there might be a few days of volatility when that is announced and possibly a drift lower in June if it is delayed
It was stated earlier somewhere that the permitting is already in progress but I am unable to confirm it yet through searchable BOEM data
IMO, the first well, Canoe, will probably generate a lot more visibility than it will generate value, in the short term anyway
Either way I'm optimistic that this is a moderate risk long term value play with a sound management structure and plan
spec
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