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africa oil seismic program complete in dharoor, page-7

  1. Pleb
    1,192 Posts.
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    04/12/08
    11:28
    Post #: 4572069
    AOI announced they would acquire 2600 kms on the Dharoor block so they are a little short. AOI have spent the US$22.5 million on the Dharoor block so RRS now have to come up with 20% of drilling costs. RRS had 555 kms of seismic and have effectively given away 80% of the block to acquire only another 782 kms.....lol. By the time things have finished in the Nogal RRS will not be free carried for any drilling there either.
    RRS Price at posting: 2.7¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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