RE: RE: RE: RE: Press REleaseMrigs
Not your fault. We are all hoping this is a positive moment in their timeline. Hopefully the cash flow and forward looking outlook are all positive.
Management in this company have been off the mark on several occassions. But they are sitting on a large reserve of gas that is pumping into Waverly platform.
Any idea what the gas situation in UK is ? While we were experiencing a glut in North America I saw an article posted here that indicated the UK had about 3 weeks of supply. This was shortly after Durango went online officially. We had problems with production etc. so we didn't play into that. But gas prices were also dropping in European market on sentiment.
But I haven't been able to find out if their inventory builds have been climbing or not. Also, I think late July is when gas starts to gain a little forward momentum in terms of price - at least over here and UK shouldn't be that far behind.