Hi microwssoft,wasn't Ted and Alan Burns involved with this?Not...

Hi microwssoft,

wasn't Ted and Alan Burns involved with this?

Not that I can recall. Their association with Hardman lies in the formation of the JV for the Falklands, in which Global spun off and listed FOGL in the UK. DYOR of course, but I purchased a few a few months back - thanks to a couple of very respectable Fools who highlighted it to me. It's risk/reward profile is very good even with the recent price run. Having said that, one cannot overlook the fact that most of their valuable assets lie in one country (under the control of Woodside again!!) - sense of deja vu mate? :) In addition, the Chikyu rig was a research vessel, and this project will be its maiden commercial petroleum drill. Although Woodside has run a full audit over it and given it the thumbs up with some modifications being made (which is happening as I speak), there maybe a risk (no matter how small) that it may not perform the job. Look on the bright side, it can't be any worse than the Eagles rig Hardman used in Uganda!! :) LOL...

Cheers,
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