RE:RE:RE:RE:RE:There you have it"We have also observed that the project planning involves the creation of road access to the development well sites and as a result will likely not specifically require heli-portable drilling rigs. High Arctic was involved in drilling four of the Antelope field appraisal wells with our heli-portable drilling rigs."
Sounds like they are trying to downplay the opportunistic timing of the going-private transaction.
"While High Arctic has specialist PNG drilling knowledge that we strongly believe is critical to successful well delivery, there is no guarantee that our rigs will be deemed suitable for, or that we will be contracted to conduct the Papua-LNG development drilling at the Elk / Antelope fields."
Sandbagging statements. Interesting. May have run into hurdles not only with angry shareholders but with regulators. Trying to undervalue the PNG business to make it seem less like the going-private transaction is about looting the crown jewel.