Still in the penalty box......due to the GSA 1st prod 9 month delay from Q3 2015 to Q2 2016.
For everything else, IAE management is doing a fine job.
In Feb, IAE sp was in the 1.40's with BRENT at 60$ (GSA 1st prod - 6 months).
Today, the sp is below 1.10$ with BRENT at 67$ (GSA 1st prod - 10 months).
Mecanical completion of FPF1 scheduled for Q3 should be a catalyst. If GSA/Petrofac remains on schedule, IAE sp should be in the 1.50-2$ range this fall. AIMO GLTA