PSA 0.00% 2.1¢ petsec energy limited

re:for omr re next drill The next Vermilion drill will require a...

  1. 1,317 Posts.
    re:for omr re next drill The next Vermilion drill will require a rig and they had planned to sit a jack up over the current platform so they could drill and chew gum (produce gas ) at the same time.

    So drilling costs won't change, maybe US$5-6 million for three wells (possibly a bit more as these are long reach wells deviated from Vermilion West out to Vermilion East)

    Where they will save money is not needing to build another platform to produce from these wells if they are successful (which of course they will be!!!)
 
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