So the test period of 20 days involves mobilisation of c 10 days ... whilst the rig is just sitting there at c $0.5m a week?
What are they mobilising ?
Would Well Planners do this ... this well has been on the go for months and over budget, surely they would not waste another $1m waiting around for test equipment ... is there a boat involved for storing the oil offtake / or is it flared ?
I have never known a well to take so long to prep for testing.
Many thanks
JKA Price at posting:
14.1¢ Sentiment: Buy Disclosure: Held