when is drilling likely to occur?, page-6

You're in form today blurrt

That's part of why this is such a good deal. ENI is a major E&P company, well established in Oz and participating in 13 permits with their own drill set.

They have a contract with their Saipem 10000 rig until mid 2012:

* P4 Braemar drilling contracts *

and are presently pressure testing the Galahad#1 well on the outer Exmouth Plateau:

* Offshore Energy today report. *

Looking at the tone of today's release from two companies who are diligent in process but want results on which to make forward moving decisions, I don't think the wait will be too long.

#:>))