Regard the current Mitra Drill using Ensco 107, I would guess the following timeline (from the 4th to the 28th of May). The 4th being the spud date of the first Mitra well and the 28th being the spud of the second Mitra well.
a) Set up at new location – 2 days b) Drill – 16 days c) In-situ decommissioning from drill – 2 days d) Move to new location (including loading and unloading to/from transport) – 4 days
All of which has added up to the 24 days
The travel time to Block 105 will be longer than the travel time between the Mitra wells, so let’s substitute say 6 days rather than 4 days for travel from it’s current location to Block 105.
For Current Mitra Drill 1a) already complete 1b) drill at current location 16 days (28 May – 12 June) 1c) In-situ decommission from current drill (13 – 14 June) 1d) Travel to Block 105 (15 June – 20 June)
Block 105 2a) Set up in block 105 (21 – 22 June) 2b) Drill Block 105 (23 June – 8 July) 2c) 2d) Post processing of Block 105 data?
Obviously, lots of variables with this simple analysis. It yields a spud date of 23 June seems a bit early when set against the article today stating that spud date might slip into July.
NEN Price at posting:
27.7¢ Sentiment: Hold Disclosure: Held
