Well that is good info tadtech. Yes it is just one of the hiccups you have to accept when they are dealing with a former drilled situation I guess.
They certainly will not want to give up on this Miogyp formation without a good go at. The idea of doing a sidetrack indicates how determined they are to get a result.
So yes fingers crossed indeed.
Just as an interesting comment on the value of getting full production going I was reading a market commentary the other day which was suggesting that there is a possibility of the poo rising significantly in the last half of 2009. In fact the price per barrel could double from present levels to around US$70 to 80 range. There were some very sensible reasons given for that scenario and data such as the price indicated in the futures market for 2010.
So yes as much production capacity from Bullseye will be valuable later in 2009 let alone now.
GGP Price at posting:
12.8¢ Sentiment: Hold Disclosure: Not Held