salamander-2, page-11

Hi systemiser, thanks for the further info.

So that would appear to make it:

PTR.PAR2 - now done
PAX.SAL1 - drilling complete, rig due to be released soon
PTR.PAR3 - but maybe not required until Q4 2010?
GER.GGPP1 A+B - maybe not required for at least 4-6 months?
PAX.SAL2 - has a deposit been paid???

I agree PAX has officially outlined a longer timeline before a development decision, but it's interesting to speculate how the changing rig availability might come into play. One wildcard might be a JV partner coming on board sooner rather than later on the back of favourable early SAL1 test results (or maybe not)? Also, as you say, WDI need to keep the rig busy. PAX seem to be in a good position IMO. Also may be fallback option to clean up and use existing wells instead of SAL2 ? Interesting time ATM.