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Thursday, March 27, 2014 10:46:50 AM
How I see it playing out: Tullow drags it feet, plays the supportive injured party card until they get the time they want and agree to a revised drilling schedule "As soon as is practical".
If they can't buy the time they need, they force HDY and ROG into arbitration and drag that out until they get the time they need.
If, by some miracle, the DOJ/SEC resolve their issues in a timely manner. Tullow will claim they have already restructured their drilling program thus gaining the time they need.
-see where this is going? Tullow is not going to drill until they are ready to. Any updates are just formalities.
<edit> If you see an announcement that Tullow has finally closed a farmout deal on their TENS project, expect things to suddenly resolve favorably.
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