Sorry guys, where does it state that the rig will remain on site?
I know that they were at one stage considering a quick evaluation and potentially sid-tracking the well whilst the rig was on site, however they opted against this option in favour of a more informed drill based on some additional data capture.
I don't believe that the rig will remain on site for a number of reasons, time between now and the next drill being one due to data requirements, approvals and the fact that NWE is short on cash so some form of cap raise is a given IMO.
Also, it is an open ended timeline at this point to the next drill and there are risks associated with leaving the rig on site that I wouldn't be keen to accept if I was Enerdrill.
Ann: NWE: Xanadu-1 Oil Discovery, page-95
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