Ann: Second drilling rig to accelerate drilling p, page-2

re: Ann: Second drilling rig to accelerate dr... great news!

2 rigs operating flat out.
10 new wells - all should finish by end of June 2010.

so in only 3 months we should have some good results in.

the Mount StMartin area is evidently highly prospective, and they are drilling 5 wells in that prospect plus 2 more in Tilbrook in unexplored territory.

in Paranui they are drilling 4 new deep wells + 1 contingent well.

the good thing re Paranui is that once they go below 1,000m the GIP triples in size!
also, they are going flatout in Paranui as it is right alongside Dawson, and any gas there will supply the existing contracts.
I recall reading that BG is keen to drill the Paranui deep.

Westside flat-out - plenty of action - plenty of upside.

cheers