Goodoil
Timeline chart in ADX Preso 29-07-2009 estimated 3D Geostreamer Acquisition to take approx 5 months. Presumably that includes processing and interpretation.
You'd think any credible farminee would want to see the results of that before farming in.
If a farmout did occur post 3D interpretation, then that would be subject to government approvals, presumably from the Italian and the Tunisian governments given the Sambuca prospects straddle permits in both jurisdictions.
At this stage, I think the undisclosed terms of the rig contract must allow ADX to wriggle out/postpone, and the supposed June slot is just another attempt to hype the sp ahead of numerous placements.
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GoodoilTimeline chart in ADX Preso 29-07-2009 estimated 3D...
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Price($) | Vol. | No. |
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