CND 7.50% 3.7¢ condor energy limited

dates against bkp annoucement

  1. 848 Posts.
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    All,

    I have tried to put together a timeline to help target dates when drilling and rig mobilisation are scheduled.

    Refer below:

    Week starting 4 June...commence drilling horizontal leg og MacIntyre-2.
    Week starting 18 June...Estimated two weeks to drill. Horizontal leg to be completed in that week.
    Week starting 25 June...Rig to be mobilised at Owen-3
    Week starting 2 July...Commence drilling Owen-3 (approx 4 weeks)
    Week starting 30 July...Complete drilling Owen-3H

    What this annoucement lacks though is WHEN the second phase of the program commences. when does the coil tubing unit and service rig - to facilitate the fracturing and flow testing of Baldwin-2Hst1, MacIntyre-2H and Owen3-H -(mentioned in the annoucement) mobilise?

    There is no date for this stage 2 works. Will it start at Baldwin-2Hst1 when MacIntyre-2H is drilled (ie 25 June), or will they wait until August 2012 - when Owen-3H is drilled and completed due to resource issues?

    Pretty poor annoucement if you ask me. We are only getting half the picture, and there are still questions - WHEN WILL WE FRAC AND DO THE FLOW TESTING!
 
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