re: Ann: Otto Secures Drilling Rig for Leyte ... Farminee requested application monies by the 7th Jan...
To be honest I was not too turned on by their strategy and they may have struggled to raise the full amount that they were looking for.
Basically punting on success at San Isidiro to have an asset which could be leveraged to fund Argao... which unfortunately only works if you have a win on your first well (which OEL gave a low % of success (8% GPOS per OEL)).
Should know soon if it is happening...
p1000
Ann: Otto Secures Drilling Rig for Leyte Drilling, page-40
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