Strat,
u summed it all up well, companies are locking rigs in advance & when they do that need to have a definitive game plan, ie will drill 2 & mayb a follow up. Its all about cashing in & rig operators are in that situation.
Here's my point NDO/KIK JV could keep drilling on shallow targets in a known provice (backed up seismics obviously) and keep the program alive. Otherwise we will see the SP stuck in the mid 20-30c range. They need to keep the news coming on an operative front.
They've done the smart thing by locking in the explrn blocks & acquiring & analysing 3D seismics so far, & from the looks of it they have some great acreage for sure. Also the news on a bigger player joining the fray would b welcome by the mkt.
cheers
Strat, u summed it all up well, companies are locking rigs in...
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