Fair comment Red. But when a company does a SPP @ 5.5 cents in February and then reports the following at the end of March, 2011 Workover program
? All workover service contracts awarded
? Civil works undertaken in preparation for workover
program
? All critical equipment sourced including tubing, valves,
spools and fittings.
? Production tubing shipped to site
In the final week of the quarter the main rig
camp commenced mobilisation and the rig
contractor secured a barge for mobilisation of the rig.
And with their current SP slashed to 3 cents, I don't think that it unreasonable, 2 MONTHS later to expect a progress report. Or, do we have to wait until the next QR in July when our SP will be ????
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