Power issues to rig remain unresolved (perhaps 5-7 days to sort) - worst case = mobilize another rig...
Drill stem stuck @ 1000m not salt-related. My understanding of plan is to re drill from surface to recover stem in hole below 1000m...then continue on.
Estimates 4-6 wks to complete (assuming no new rig needed)
GM hole cost now estimated $20-$25m...
NSE liable for anything over $13m (any recovery from rig contractor notwithstanding).
Anatol - background gas very +ve... over ridden in short term by ultra -ve sentiment due to recent shock.
Slampoil - your understanding?
GLTA
NSE Price at posting:
21.0¢ Sentiment: None Disclosure: Not Held
