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midtieroil

07/16/08 10:32 AM

#134981 RE: Lickety Split #134971

I guess I fail to understand your point about rig timing. We know the AA will be ready at some point and that it will eventually come to the JDZ and begin drilling. Whether that happens in 4 months or 16 months really doesn't matter that much to me. Everyone would prefer sooner to later but continuing to pretend that this is some major issue serves no useful purpose. If we get a rig sooner we drill now, if we don't we wait a little longer. What's the difference? The oil isn't going anywhere. If you think you can get out, go invest in something else for a year and get back in at this or a better price you ought to do it instead of continually talking about it. Personally, I'm not willing to take that risk and apparently you aren't either because you're still here.
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tryoty

07/16/08 10:47 AM

#134984 RE: Lickety Split #134971

I can't quote a report abou ta rig of opportunity that doesn't exist... yet.

And I was under the impression that the YOY revenue decrease was from the Aban Offshore report, not Addax.