Subject to securing appropriate Government approvals, the SC 63 Joint Venture is planning to spud the Baragatan well as soon as possible. Exact timing of drilling will be subject to rig availability and timing of securing approvals. The Baragatan Prospect is located in approximately 70 metres of water making it suitable for drilling with a conventional 300 foot jack-up rig. Nido has already commenced making investigations as to the availability of a suitable rig. Importantly, the SC 63 Joint Venture has already secured key Long Lead Items for the well (wellhead, casing etc.) which are currently stored at the company’s forward operational base at Batangas"
" as soon as possible" Sounds ok to me but I am a "glass half full " kinda guy
cheers to holders
NDO Price at posting:
3.0¢ Sentiment: Buy Disclosure: Held
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