"13/06/2007 - Letter of intent has been received by the Company from ROC Oil (China) Company for deployment of jack-up rig Murmanskaya Offshore China, for drilling a programme of 4 firm wells and 2 optional wells, with an estimated duration of 100 to 160 days depending upon the declaration of optional wells. The estimated revenues from the programme ranges from USD 19.5 Million for firm wells to USD 31.2 Million ( if optional wells are declared) exclusive of revenues for mobilization and demobilization.
The Rig is likely to start mobilizing to the location by October 2007."
I think it's in the south - Beibu Gulf. Sould get a note from ROC today if a dvelopment decision has been taken.
On past performance that should lead to a sp drop."
Thks to Petoil for first info
ROC Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
