GREY:ENGFF - Post by User
Post by
zakmirzaon Mar 12, 2008 11:24am
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Post# 14646142
DV Status
DV StatusHey Panda, thanks for the update. My feeling was bang-on about DV status showing it in Namibia, it was is simply pre-planned sheduling info and the rig had not in fact moved. I haven't made any trades and am sitting tight on my holdings. I think when the NR comes out, it will either say that the rig is on it's way or has arrived at the site. Rig status is so imminent that it serves no purpose to put an NR stating that it is delayed, especially since it has been delayed twice previously. I mean it is plainly obvious to any thinker that it is late but putting out an NR to that effect will harm ENG credibility. So, all in all the mgmt has handled this very well.