GREY:CXEYF - Post by User
Post by
mind_businesson Mar 11, 2012 9:18pm
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Post# 19656126
Lack of a Robbana Update
Lack of a Robbana Update This is starting to feel like the mis-adventures of past management. Why haven't we been provided an update to the Robbana work-over? Have they completed the work-over, and just waiting for the flow rate to stabilize? or are they experiencing further delays? Either way, I'm hoping they provide an update this upcoming week.
I'm sure everyone here realizes the work-over program at Robbana is not critical to cash flow for CAX (likely only increase their revenue by about $2 mil per year, from 45-60 bpd to 100+ bpd) ... although it can't hurt, however it's a good test of their ability to manage projects ... which in my opinion was the downfall of past management. A big part of managing their projects successfully, is overcoming obstacles in an efficient manner. I have a feeling this is what's causing them grief right now. They are now a full 6 weeks behind in their original estimates for completion.
I'm looking for some evidence that this new management team is credible when it comes to executing their projects. It's one thing to manage projects from an office, it's another thing to manage and expedite from the job site. Get your work boots on guys!