XCD is “investigating the option of using innovative drilling options that would not only be significantly cheaper than traditional methods but could result in the drilling being done much quicker than the market is currently expecting,” Ferguson said.
“This may actually allow us to drill, potentially, during next northern summer, which is July to September next year.”
“There are still a few hurdles but it’s something that … could add a lot of value.”
More to the point why is no one else on the North Slope talking about it, they have the most to gain from it. Can you imagine say, the cost saving to ConocoPhillips, Exxon, Repsol, Eni, Oil Search, Armstrong, BP......., etc.
But no,XCD have the technology to drill on the Tundra in summer, laughable.
XCD Price at posting:
0.9¢ Sentiment: None Disclosure: Not Held
