OPERATIONS
In 2011 Rialto comprehensively re-evaluated the existing discoveries and generated a high-value upside exploration portfolio using newly
reprocessed 3D seismic data. During September, RPS Energy prepared an independent report on the reserves and resources within CI-202
and, based on this, Rialto submitted a phased Field Development Plan for the Gazelle discovery to the CI-202 partners and authorities in
Cote d'Ivoire.
You are correct....
from the www.rialtoenergy.com OPERATIONS page
"
In December 2011 and January 2012 Rialto acquired a 3D survey of 860km2, covering all but the shallowest parts of the CI-202 block.
This survey is being processed. On February 26, 2012, Rialto took on hire the Transocean GSF Monitor rig and, on March 12, 2012, spudded
Gazelle-P3, the first well in a three well programme. Plans are underway to contract a second rig for a further drilling campaign beginning December 2012"
Release of 9 Aug
Release of Transocean Rig
Rialto Energy (ASX: RIA and AIM: RIA) announces that the Block CI-202 joint venture (Rialto 85%
working interest and operator and Petroci 15%) has elected to release the Transocean GSF Monitor
drilling rig after the completion of drilling and testing of the current Gazelle-P4 development well. This
will allow the JV to focus on the FEED for the Gazelle field development and to further refine
exploration options for its Cote d’Ivoire acreage. Gazelle-P4 will be the third and final well under the
drilling contract for Transocean GSF Monitor."
Reading between the lines on the 8 Aug release.... they need to do some serious work on their geological and geophysical models before they burn the rest of their cash on a drilling rig
- Forums
- ASX - By Stock
- RIA
- 40mcf estimate and petrocci increases stake
40mcf estimate and petrocci increases stake , page-21
-
-
- There are more pages in this discussion • 17 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add RIA (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO & Managing Director
Charles Armstrong
CEO & Managing Director
SPONSORED BY The Market Online