re: Ann: NIDO TO DRILL ESTIMATED 676 MMBBLS O... Ozgem,
From PNOC-EC 50% JVP in SC63. I found this document the other day when trying to research the old Albion Head-1 well. Thought it was more current than it obviously is.
SC 63 EXPLORATION ACREAGE
FARM-IN OPPORTUNITY
The two wells are required in sub phase 3, which according to this document is Nov 12 to Nov 13, but it was obviously dated before Aug 2012 when an extension to sub ph 2b was granted. The document has no date stamp, that's what confused me.
Sub ph 2b now Nov 12 to Nov 13, so obviously sub ph 3 with a 2 well commitment will now be Aug 2013 to Aug 2014.
Two wells for sub ph 3 are also confirmed in NDO's presos.
Apologies for the confusion.
Ann: NIDO TO DRILL ESTIMATED 676 MMBBLS OIP PROSP, page-44
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