Yes, i do thinks so, and they've mentioned that "As at 12:00am WST 11 October 2010, the Hunt Energy Rig 3 was at an advanced stage of rig-up onsite and the Backreef-1 well is expected to spud sometime during 12 October 2010."
Then next market sensitive info is: hydrocarbons on the way down and reaching 1500 m - exercising the option.
spudding or what?, page-6
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