Thinking out loud here. From the 29th April NDO announcement:
Nido’s Head of Exploration, Jon Pattillo, confirmed that, “With the acceleration of the shallow water program, Nido now plans to increase its SC54 drilling program from one well at Gindara to three wells. Procurement of long lead items is underway and we are currently in the final stages of negotiation for two rigs to drill the three-well programme. We expect to contract a jack-up rig to drill the two shallow water wells towards the end of 2008 and a semi-submersible rig to drill the deeper water Gindara exploration well in mid-2009. Securing rigs in the current environment has been a challenge, but we look forward to concluding contracts on both rigs WITHIN WEEKS.”
Well, 2 weeks have passed .....
KIK Price at posting:
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