With STX mgmt stating that the spud of SE1 will be October. How can that possibly be correct?
MIN\NWE have the Ensign 970 rig till approx early to mid September,at best. Then it is going to Wayerling.
Wayerling will take another 6-8, approximately , weeks to complete, it could be,most likely more, which would be some time in mid\end of October at best.
Then move the rig to SE1 sometime in November at the earliest, more likely December.
I see this as a best scenario timeline, with all drills going as planned with no hold ups.
So, yeah, I see mgmt doing quite a bit of salesmanship and not being realistic.
Ann: South Erregulla Update, page-21
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