RNE 0.00% 0.2¢ renu energy limited

3 new rigs, page-4

  1. 1,843 Posts.
    GDY will require 6 rigs - likely to be structured as one or two more owned, and the rest leased. I recall that the announcement regarding this statement mentioned the desire to own as few rigs as possible (huge amounts of capital tied up in these beasts was never part of the business plan).

    Good to see the 5000m announcement - identifying a deeper reservoir zone at this early stage would be highly encouraging.

    Ilan, you stated "The plan is for 80 [wells] in 10 years". Where did you get this figure? It conflicts with the estimate given by the company, both publicly and in conversation.

    Cheers
 
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