So what is this supposed to mean fro the announcement?"to...

So what is this supposed to mean fro the announcement?

"to progressing drilling of a Galoc exploration well at the preferred drilling location as soon as a suitable rig
can be secured."

Are they looking for a rig now?

Talk about a b@#%s up. semi sub with a depth of 700mtrs would of done it. Now , extra mobilisation costs and they won't get it for the rate they are getting ocean patriot for in this drill.

I take your point garyhansen, nevertheless, nido management have a responsibility to it's shareholders to be transparent
in their dealings and they would of certainly been consulted about the issue as all partners would of been. In respect to baragatan , you have to wonder if this is just to appease shareholders as the cheapest way to get a drill done as no farm in partners can be found. Is this the best prospect to spend 10-12 million on, really? Would it be happening if galoc nth was to be drilled?