IVZ 2.82% 7.3¢ invictus energy ltd

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  1. 3,706 Posts.
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    "Rig to be demobilised for helium one job due to contractual timeframes. "

    The rig is contracted to drill two wells......end of story.

    " rig suffers more problems, demobilised for major repairs. Search for new drilling partner for boabab announced, estimated 12 months timeframe."

    I've seen it happen.....but that was back in the 80's when SANTOS had some absolute banger rigs working in The Cooper Basin. Exalo 202 is a relatively new rig and it looks in pretty good shape. Likelihood of an issue of such magnitude that it would require shutting the rig down for months is extremely low.
 
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