RE:FYI - GOLONG OIL ...GG
I certainly agree with what you said about trying to hook up FPF-1 last winter - technically it was possible of course but clearly risky, North Sea storms come on at short notice in winter and are often severe.
Two things will make potential buyers hold off now - excuse my stating the obvious - the oil price and requiring certainty or near certainty re Stella.
I agree that we are likely to sail in late April or perhaps early May. By then the oil price may be a little higher but crucially there should be more current and projected oil supply and demand data showing a likely convergence of supply and demand by the end of the year making the overall position on oil prices far more bullish than it is now.
Ithaca would be a very obvious take over target at that point in time, even more so when the oil flows, that is if Ithaca's share price is anywhere near current levels. But by then I just don't believe that the share price will be anywhere near current levels, infact I expect the share price to be well above the highs of the past couple of years, if not when FPF-1 sets sail, certainly by fist oil.
Hopefull the share price increases will deter any bidders, or at least allow Ithaca to kick away the bidders - the post Stella expansion gains are going to be as good or better than the Stella start up gains.
Doug