more important..of all the companies in the world BHPP could...

more important..

of all the companies in the world BHPP could pull a few strings and obtain a appropriate rig.

in all fairness i think Otto have been given the run around.

there comes a time when you say it's all over red rover.

Otto's company maker. will the company lose SC55..????

SC55 DRILLING PREPARATIONS DELAYED BY KEY APPROVALS
Highlights:
• Otto has been advised by BHPB that there is a delay in the issue of key regulatory approvals required to drill the Cinco-1 well
• Otto is investigating the potential impact on the timing of the SC55 work program
Otto Energy Ltd ("Otto") (ASX: OEL) announces that it has received formal correspondence from BHP Billiton Petroleum (Philippines) Corporation (BHPB) (ASX: BHP), in its capacity as Operator, explaining that certain Philippines regulatory approvals necessary to fulfil the Service Contract 55 (SC55) work program have yet to be obtained.
Otto and the joint venture are in discussion regarding the impact of these events on the current August 2013 deadline. Otto is continuing to actively engage BHPB regarding various options which include potentially temporarily suspending SC55, the joint operating agreement and farm-in agreement under force majeure.
BHPB has reiterated that its objective remains to fulfil its contractual commitment to drill the Cinco well in SC55 at the earliest opportunity. BHPB has also advised that it has progressed activities to secure key services to drill the Cinco-1 well. These activities are well advanced but BHPB has advised that it cannot enter into binding agreements until all necessary regulatory approvals have been secured.
Otto will provide further updates as information is received from BHPB.