Anyone got any advice on RIFT.

I bought at 7p nearly 3 years ago. They subsequently went to 1.7p and are now back to 7p.
Are they worth holding or should I switch?

Yes it seems we will all have to be patient till at least 2011

It would appear that FLEX LNG have put an RNS about potential J/V off of PNG on their website dated tommorrow 19/11/2008. Good news sooner than expected I think.

FLEX have admitted by phone to someone on advfn, that they released a day early in error and have now amended the release date on their web site to today.

So an RNS is due tomorrow 19.11.2008 with reference to selecting a j/v partner, which would suggest more than one suitor to choose from, possibly french, and accelerating the program with regard to extraction of resource.

Oh and another thing, you have been able to buy at below the mid for most of the day.

Yes oily the RNS may be interesting perhaps Samsung can bring delivery forward so that we don't have to wait till 2011, although from the information on the Flexlng website it appears they may have commitments to Nigeria before Rift?