any drilling update fr qpn, page-2

  1. 1,636 Posts.
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    My belief is that a drilling announcement won't be anytime
    soon. Much more likely will be an announcement that they
    have now received the seismic data and are beavering away
    reinterpreting it.

    This should keep the drill (wolf) from the door for a few
    more months.

    A good question is why have they just recently
    found out about this seismic data.

    If it is not on their lease then it won't be much good
    to them. If it is on their lease then the 64 dollar
    question is why didn't the owners of the data offer to
    sell it to QPN shortly after they obtained the lease?
    After all, having given up the lease the only value the
    seismic data would have to the original lease owners is
    the money they could sell it for.

    Maybe it had to be handed back to the Indonesion
    government on a lease changeover but surely, if
    this was the case, it would be the first place
    that QPN would look.





 
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