Another thing with the Cinco drill timing is it would be very expensive for BHP to bring in a deepwater rig just for one well.
AFAIK those Malaysian wells that were to precede Cinco (prior to the rig contract being cancelled) still haven't been drilled ?
Alternatively, is there a consortium that already has a deepwater rig in the area whereby BHP might get a slot, and when would that be ?
Just wondering if BHP trying to coordinate the Cinco spud timing with other activities in the area to contain costs might be a bone of contention with the DOE.
trading halt, page-20
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