reasons for the drilling delays monkey ...the reason for the delays are as follows:
if you read the drilling update in the quarterly report it mentions of concerns with performance with a contractor drilling company
The company with the help of CCIC re-appointed anohter drilling contractor which is being closely supervised by CCIC (CARACLE CREEK INTERNATIONAL CONSULTING)....This is what caused delays , the time to sack the original contractor , re appoint and get them to site......further to this the negotiations resulted in an improved contract price and access to a better and more suitabble drilling rig.....this sits fine with me....these things happen sometimes with contractors ...im sure we have all experienced this at one point or another..cheers Jam
announcement should be out b4 30 september...hopefully friday this week as fridays seem to be good days for AEX
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