RE: RE: RE: RE: News VacuumBUK had better get its ducks in line...
Tortoise....I received the same EXACT same email from Ed...Looks like there must have been quite a few enquiries and we are all receiving a form letter. Bottom line...I was told we were initally targeting Durango production for September...others said that Ed was being overly optimisitc and that November was more realistic...It is now the end of January and excuses are still being thrown around about the operator...It doesnt matter who fault it is the share price is getting beaten up because the reliability of our partners (in this case the platform operators) proves there is a lack of reliability in what is said and what is delivered...Managment has to learn how to balance expectations. Flow of information has been a bug hunt too...turns out updates come through the blog on the Bridge website for those who haven't been told (myself included)
I've held on to BUK, AEN and IAE as my juior North Sea players but over-weighted slightly in BUK because of their immeninent production...The market certainly isnt giving this company any respect.
T2