KAR 0.98% $1.55 karoon energy ltd

kt @ 2496m, page-20

  1. 12,643 Posts.
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    what are you talking about pintoa? they have the rig for a minimum of 146 days, see this extract out of one of their past announcements regarding this manner... I think you got confused with the option to exercise an additional 2 wells by august 31

    "The final terms of the contract have allowed the Joint Venture to secure the Transocean Legend
    for a minimum term of 148 days which will allow the drilling of the upcoming Kontiki-1 well
    together with the Poseidon-2 appraisal well, plus;

    One option for up to 2 additional wells to be exercised by 31st August 2009."

 
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