Something pretty suspect going on I think. Scomi Energy are one of our jv partners in Ophir, the other being Vestigo (Petronas). Scomi minority shareholders just rejected a merger with 67% major shareholder (Scomi Group) but in spite of the advice to ASX re the FPSO power problem, the Scomi Energy price has jumped by over 60% over the past two weeks. My point is that the knowledge of Ophir issues would be known within Malaysia (workers and contractors are largely from KL) and ppl obviously aren't too concerned. Ophir should be making good money atm due to high Brent / Tapis plus additional margin for light grade oil.
OXX Price at posting:
8.5¢ Sentiment: Hold Disclosure: Held
