RE:RE:RE:Litigation Here is the key piece in the January update : As reported by Petrofac at the end of November 2014, it continues to advance the modification works and anticipates the vessel being finished in time to enable first production from the Stella field in the third quarter of 2015. Further details will be provided during the year on the anticipated start-up schedule for the field as additional information becomes available from Petrofac on the timing for sail-away of the FPF-1 from the modifications yard in Gdansk, Poland.
They reiterated Petrofac's guidance from the end of November with a promise of more details when they became available from Petrofac (which they did in February). I don't see any misrepresentation there. Without an update from Petrofac at the time of the January update, there is nothing more they could say.