| I 'd appreciate any explanation on the UK situation. I read on the YMB that the reserves at Cheviot weren't listed as assets. Is this accurate? I know they put out the PR, that that the UK was not part of the CH 11.,Could they still develop Cheviot if they got outside funding, Octo financing,sell of part of their interest in the field? Remember they accelerated cap ex for Clipper and Cheviot into the first qtr. I'm thinking they wanted Clipper as close as possible,so The judge would give it the green light to continue. But Cheviot has me intrigued, and also they just secured a rig for Skipper.The UK actual production development was out in the future a ways,but is it possible they had taken care of things enough to keep proceeding maybe at a pace that needs no new capital to get pre work ready, then before that big payment that's due ,I think in April for Octo, a deal could be made? Is any of this possible? or am I just dreaming, Clueless here. |
