atwood achiever progress, page-15

kfann - I have always been pencilling in at least Feb and maybe early march - it always takes longer than expected however a bonus is that the new rig is on time is really amazing, so I hope the mkt will not downgrade pvd too much when they have to ann a slight delay and that delay is purely on drill time of another Cos prospect isn't viewed by the mkt as a significant delay?? - and it may even help them to conclude the **on JV prior to spud having an extra bit of time. We should also see seismic program for Madagascar in qrtly too and as indicated slightly less cost than $14m would be good also.

the **on JV is becoming more important mainly because of potential back costs being received and PVD being viewed as not having to go back for a CR near or just after drilling well no 1 in morroco