Arc has no interest apart from rig release in Kasad 1 that was spudded on 1st Feb by Oil Search, who stated on Jan 30th:
"The Ghobata well results were sufficiently encouraging to provide support to drill a third well in Block 49 (Kasad 1), which is expected to be spudded in February. Following completion of this well, the Oil Search-contracted rig will mobilise to Block 35 for a two well programme."
As you know, Arq has a 15% interest in Yemen block 35 and as Kasad 1 is already at 1218m with a targeted depth of 2000m, it looks like the rig will be well and truly released for March. this means 1 Yemen well (Reeb 1), Sugarloaf evaluation, Perth onshore and possibly Perth offshore exploration will all be going down at once.
Arc has no interest apart from rig release in Kasad 1 that was...
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