Excellent and thorough announcement by Operator ADX this afternoon. The company has provided a fairly definitive timeline of when they expect Spud to occur. I wouldn't at all be surprised if they Spud by late next week as all appears in readiness to proceed.
The comments below by the company are simply fantastic and provides assurance that this company making well is ready to spud!
- The "slight' delays (expected) have not resulted in any "significant additional cost"
- All key "pre oil rig testing is finished"
- "Site preparation have been completed and surface casing has been set"
-"All statutory approvals for access and drilling have been obtained".
- As expected "The current situation in Lybia is not affecting the company's operations in Tunisia"
Expect things to really heat up for ADX in the coming days as they approach spud. Previous highs could well be tested!
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