AOK 33.3% 0.4¢ australian oil company limited.

Ann: Monthly Production and Operations Update , page-9

  1. 69 Posts.
    No big deal that the drilling contractor took the rig elsewhere for a couple of wells. Most contractors have commitments on their rigs with various exploration companies-- usually these contracts will state that the contractor will drill x number of wells per quarter/6 months/year. So, he took his rig to fulfill previous contracts-- after the 2 wells are drilled, he is contracted to come back to AOK. I'm sure they knew this before signing the contract with him.
 
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