3 rigs

Article which says the known stuff but near the end is a nice little teaser

http://www.wabusinessnews.com.au/en-story....nd-oil-reserves


QUOTE
"The joint venture is currently finalising plans to accelerate its drill program for 2008."



- can only mean 3 rigs (on the go at once drilling low-cost reserve building holes)

with the action on the light side lately compared to last years quickfire NSE drill and test appraisals, the SP has stagnated, so no downside to this decision from both a long term and immediate SP perspective

They did say a few mths ago that they would only bring in a new rig if it was needed because of explo success or the other NSE zones come in flowing


So, either

- they changed their mind

- POE-9 other zones are flowing

- Our 30 something bopd discovery is considered promising enough to be termed explo success

- the approvals for all those 20+ wells is being received and we just wont get through them in the year as promised without a 3rd rig

- I'm reading too much into a throwaway comment