1, The rig hasn't completed demobilisation from the GM well location.
2, Various contractors are in dispute/discussion with NSE due to non payment of bills.
In addition if the joint venture farmin partners were paying for the three wells why has NSE paid over $10.0 million in exploration cost? What is left of the farmin deal $39.0 million for three wells.
I am looking forward to CP taking over the running of this drilling campaign and if they are quick they can get Century to do the drilling.
What a complete balls up, no rig in Australia to do the drilling, when you have one already paid for on site. Makes you wonder who drilling advice they were listening to...
NSE Price at posting:
14.5¢ Sentiment: None Disclosure: Not Held
