rig and farm-in news on monday??, page-7

On paper a bad deal as day rate increases and swapping a drillship for a semi will add 2 days to the mobilisation time... but I'm more comfortable with this rig and drilling contractor.

Next chance to ask for forgivness of the 15% CR is the AGM unless they call and extraordinary meeting... means we may spud Gindara prior to a CR...

I'm guessing it is a 25-30 day well with 12-15 days to the top of the reservoir from spud (just based on a regional lithology column and some guesses on casing points).

NDO would have to be sweating on a SP improvement ahead of the AGM and I'm guessing that Gindara is the only tool to achieve this... note the "mobilising equipment and fully manned up drilling team" comments...

I was a little dissapointed that NDO chose to hide the Tindalo abandonment cost in the next quarter - they should have made a provision for this in the name of clarity of their financial position.

p1000