Hi there, The Soothsayer.Yeh, it does look like the RIG problems...

Hi there, The Soothsayer.

Yeh, it does look like the RIG problems have pushed back their target date to reach the TD to about the 22nd Jan...IMO. I guess their announcement on Dec 11 when they reached 1322m was basically a heads up on the mud pump issue. I wonder whether they are just being ultra cautious with the drilling RIG given the history, rather than encountering any major efficiency issues........I am hoping this is the case anyway. I must admit I am not that familiar with drilling rigs so I wouldn’t like to speculate any further on this....however I do have 100% faith in the KEY management to do what is necessary.

On a positive note, the installation @ 1322m of the BOP (Blow Out Preventer) was a very good sign..imo and by next Tuesday ( Jan 15 ), I am expecting them to be around the 2285m mark where the final casing point will be set.

From there, well I think we just need to wait for TD where the next announcement should be from the operator as to whether we have hit something which might be commercially viable. I am feeling quite relaxed at the moment, however by next week I have a feeling I will be having a few sleepless nights, ha ha.

You could be spot on about a repair job on the RIG before the 2nd well, not a bad idea if it helps speed up the drill time.

Anyway, let's cross our fingers and hope for the best !!

Cheers
R