EGO 0.00% 12.0¢ empire oil & gas nl

Drilling, page-3

  1. 1,680 Posts.
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    SurA

    I suppose the only drilling plan looking like it is set in concrete (ref.your prerequisits above) would be RGN i.e a drilling contract has been committed.

    Your question leads me to look at the plans beyond that. I am completely focused on the Gin Gin Field as I believe, outside that, is farmin dependent. The March Cap.Raising Presention states on p18 that tenement commitments for 2016 are fully funded. Any activity outside that would be farmin funded (planned seismic Feb 16 and Enerdrill options).

    The Gin Gin Field

    The Red North Project to tie-in stage is about 8 months (June 2016). The drill,completion & test are funded by the cap.raising and tie will be from revenues.
    The next drill plan could have to be extrapolated from the same March Presentation but from p13 RG Production Hub. The Gin Gin East drill followed by the 15tj/d plant expansion would have to be completed by January 2017. Could be the optional well mentioned on p18 in the 2016 programme.
    Looks a bit ambitious to me.
 
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