Ann: Canadian Drilling Update, page-14

Oh and remember the rust bucket rig Murmanskaya... here is a nice tidbit from a Weekly Rig Review (https://www.esgian.com/articles/esgian-rig-analytics-weekly-round-up-week-18/2357).

"Sacgasco Limited formed an alliance with oilfield services company Production Solutions Asia (PSA) to support its drilling plans offshore Philippines. The agreement covers Extended Well Testing and Early Production Systems in the Palawan Basin, off Philippines. Sacgasco through its subsidiary Nido Petroleum plans to drill two wells in the Palawan Basin, including the Nandino-1 exploration well in Block SC54, and the Cadlao drilling and Extended Well Test (EWT) in Block SC6B. Sacgasco informed that planning work will commence in the second half of 2022. The duration for the drilling program is expected to be around 6 weeks. As per an announcement in late 2021, jackup Murmanskaya was identified as a suitable rig for the EWT, however, the rig is no longer in contention due to its work commitments off Vietnam."

Rig rates are getting back to levels not seen since 2008/9 (it lags oil by about 6 months). It is at least 50% more expensive since that press release by SGC back in December. That is assuming you can find one because players are locking them in for much longer than previously.

Oh and how goes it with the Farm In Approvals? The DENR approvals? The site survey?