They had only commenced the assembly of MinRes Explorer rig towards the end of last year, so probably not quite operational ready right now but shouldn't be far off. I was under the impression that they would hand over the rig after Lockyer-5 but maybe they have decided to keep going given they have 5 more planned production wells to drill leading up to FID in second half this year.
Not really sure how the rig sharing agreement works to be honest in terms of who or how the schedule is determined.
618
Ann: 2Q FY24 Quarterly Report & Appendix 5B, page-175
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