CUE 0.00% 9.7¢ cue energy resources limited

hardly a seller in sight. buy sell ration 7:1, page-26

  1. 4,561 Posts.
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    Yes it has been delayed...
    BPT are drilling peejay first then drilling spikey...
    this was announced on the 17th oct...

    Beach Petroleum Limited (ASX: “BPT”), as operator of the Peejay-1 well due to be spudded shortly in Bass Strait, advises that the West Triton rig contracted for the drilling program sustained damage yesterday during routine preload operations. The damage is confined to internal bracings on a section of one leg of the rig and occurred during its emplacement on site in shallow 80 metre waters in T/39P. There were no casualties or injuries as a result of the incident and the rig is in no danger. Beach is currently liaising with West Triton’s supplier and associated contractors as to the likely timing and scope of repairs. Once that advice is forthcoming, Beach expects to be in a position to make determinations about a readjusted drilling schedule. All current work on Peejay-1 has been halted for the interim. Interests in PeeJay-1 are Beach Petroleum (Exploration) Pty Ltd* (50%) and Benaris Petroleum N.V. (50%). (* subject to registration of assignment) Yours sincerely, Reg Nelson Managing Director, FAusIMM

    And then there was a follow up announcement...

    Bass Basin - Offshore Tasmania: PeeJay-1 (T/39P) Rig repairs are in progress. The rig owner has advised that drilling at PeeJay-1 is expected to resume in mid November

    so mid November... some time December we will get the rig...
    We will have oil flowing from Maari, zeus drilling/results and Spikey drilling...
 
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