Ann: Block L Update , page-2

What a disaster! There is now a big question mark hanging over AED regarding it's ability to oversee O&G exploration activities and it's selection process regarding contractors for these activities. They picked a dud for the Puffin production and now it seems that Dodgy Brothers are operating in Brunei as well. I don't understand how the contractor selected for the testing didn't seem to have the appropriate equipment to do the job as it unfolded. They desperately needed to get a good result here with the flow rates and without it IMO the CR will fail.

I don't like the lack of transparency with their announcements either as not enough detail to determine what the real problems were and who might be at fault so in the absence of detail I'm blaming both the contractors and AED. The testing process has been a prolonged debacle. Things look pretty grim ATM! I've left my sentiment as hold only bcos there isn't a more appropriate choice but you can use your imagination as to what it is.

ANZ