". I note people have said they wont have enough time to get the extra drill pipe extra on location, Belloni! to that , they have always had the extra 2 optional slots so can't see them not having ordered enough for 3 holes"
Time is the least of the problem it's small matter of money, if FAR was planning to drill a well immediately after SAMO it would be very material to FAR, requiring the best part of US$15-20m for FAR's contribution per well....we are only carried for the SAMO well and thats a capped carry....its also money we dont have anyway...so we would know about it...you can't go spending money on preparing for other wells without informing shareholders and as yet that hasn't happened, it would also require a CR...
The principle behind the two optional wells was to make the second slot avaliable for another operator, not only to share mobilisation costs but give our JV time to consider using the third slot, probably based around the results of SAMO . We are yet to know if they have found an operator for that second slot.
The two optional slots are just that, optional and may or may not be used, there is only one certain well and its SAMO..
Cheers Whisky
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