Hi All,
Am I right in thinking Enerdrill nos 3 rig is to drill Red Gulley North well, as if so Awe Ann today suggests rig will complete current drill in 7 weeks taking us to end Aug. If this is so the following 2 wells are scheduled to be drilled for TSV which with time taken to move rig could possibly put commencement of drilling RGN1 to a date around at earliest end Dec or early Jan 2016. If this were to happen I would fear that any attempt at share consolidation prior to this drill could end in disaster even if we had a reserves upgrade as previously suggested. I am relying on memory here so any confirmation of the drilling rig to be used would be appreciated.
Ally
EGO Price at posting:
0.4¢ Sentiment: Hold Disclosure: Held
