I thought this would be of interest?Posted by Great_Room...

I thought this would be of interest?
Posted by Great_Room -iii

{Received an email from PL overnight and he confirmed Georgia will spud in the 'next few days'. He also mentioned that the delays were insignificant when you are planning a multimillion dollar drill targeting $3.5b of oil in the ground. Organising such a massive logistical project means delays occur with ships queuing up in the Bosphorous etc.

Also confirmed that no psa extension in Puntland has been agreed but that no penalties will be incurred by missing the 27th July target. He explained how flexibility is required from all parties, including the Puntland government and they are currently working on a revised timetable.

Regards to Georgia, he said 'shareholders will get very regular updates with regards to the progress of drilling', so the next 60 days could really make this company.

Thanks,

GR }