surprise-1 re-entry h status, page-9

"Options for a second well at the Surprise prospect prior to running a 3D seismic programme and using the existing drilling rig are being examined.
Hunt Rig 3 is being released today to be stacked on site pending a determination of drilling plans going forward."

I suspect that the ambiguity of the above is due to the fact they are wanting to see the SPP fully taken up, so that they know that they have enough funds to continue drilling, we will all know in 2 weeks.

And I also suspect that then we will see a further ANN informing us (if the SPP fully subscribed) that they intend to drill another hole in the Surprise area,, probbaly a second and new hole, which I also suspect will be designed to allow several horizontal legs.

So lets hope that Greece et al dont bring the market down
and the SPP is fully subscribed.


I am particularly encouraged by the fact that they have stored the rig at Surprise, no doubt that will save a bucket of money.

CB