EGO 0.00% 12.0¢ empire oil & gas nl

Topender When you mentioned 300mm pipe, I would normally think...

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    Topender

    When you mentioned 300mm pipe, I would normally think casings. If they had plugs in the ends, they would be drill pipes, but they would only be about half the diameter you mentioned.

    Why I was surprised is, that if they were casings, EGO would have to pay for them which would have to come out of ERM's $3.8m placement funds. The budget for these long-lead items (mainly casing) is $2m which is planned to come out of the forthcoming C.R. (see 25th Nov 2014 Presentation p28).

    Drill pipe belongs to drilling company, so we no pay.
 
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