http://www.stuff.co.nz/sunday-star-t...uits-mystifies
NZOG updated anyone on the fact that Kupe is behind schedule on planned production levels?
Reading NZOG's quarterly, everything is fine and going well.
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http://www.stuff.co.nz/sunday-star-t...uits-mystifies
NZOG updated anyone on the fact that Kupe is behind schedule on planned production levels?
Reading NZOG's quarterly, everything is fine and going well.
Balance, the decrease in planned production referred to in the AG's report on Genesis refers to the first year of operation - 2010. The AG's report is referring to historical, not current issues. We report on Kupe production in our Quarterly Reports which are sent to all shareholders and every month we update Kupe production on our website. There are no production delays.
The JV operator is currently in the process of preparing legal action on behalf of all the JV partners to reclaim costs from Technip, the contractor responsible for technical issues," the report says.
I had some difficulty in seeing what Balance is getting at. Remember Balance is auto negative about NZO so whatever he says must be in that vein. But what he is saying is from my quote above seem to imply what it is possible that NZO could be in for a few dollars from Technip in the event that Origin Enegry is successful in the legal action.Given that this info is from passed years it will be factored in already so the final outcome will be either neutral or positive hence i am lost as to why Balance in his normal negative mindset would bring this up as info against NZO.
Balance are you off color or something.Have you got todays much talked about man flu.Yes that must be it otherwise i am totally lost.
from the June 2009 Quarterly Activities Statement:
Quote:
Frustratingly, the final precommissioning testing and certification process at the Kupe production station is taking longer than anticipated. Initial production during commissioning is nowexpected in the last quarter of the calendar year, with full production from early 2010
best wishesQuote:
In June, NZOG was advised by the operator of the Kupe Project, Origin Energy, that the first raw gas from the Kupe field would now be brought ashore to the production station near Hawera in the fourth quarter of the calendar year
Paper Tiger
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Check mate :)