Tamarind NZ enters administration, page-18

Excellent points you have raised Mav this is the latest, they are still talking a continuation of some drilling if they can sort out the financial mess-
https://www.offshoreenergytoday.com/tamarind-administrators-eyeing-tui-drilling-restart/

Brennan said once the COSL Prospector left the drilling area there was potential to extract 1500 barrels a day from the existing three production wells.
This would provide necessary funding to pay creditors.
The fields contains up to 5m barrels of oil, which would prolong the life of the field to 2022, he said. "The debt of the company was unsustainable but the underlying business is recoverable," he said. "The administrators will be trying to assess where the business is going and identify suppliers to continue to work with.
" Brennan said the decision did not affect Malaysian-based Tamarind Resources' $48m onshore acquisition of TAG Oil, or other subsidiaries of the company"
.The company had struggled to meet its financial commitments since a $300 million well-drilling programme in the offshore Tui field was suspended in September after the first well proved dry.

Hey $300 milski for a drill program. So roughly $100mil+ for first well and she comes up dry. S T U F F A D U C K
No wonder they were try negotiate a deal for the next two drills - McDonalds has $1.00 burgers at the moment can all the boys/girls on the rig eat those for a couple of days?? can we bring the bbq out?? Noodles, what about noodles do the team like chicken or prawn flave??
Pumper
aimho as alwyas dyor