2018-06-13 - An Ocean Rig-owned drillship has been mobilized to...

2018-06-13 - An Ocean Rig-owned drillship has been mobilized to Namibia in preparation for the drilling of Tullow Oil's Cormorant-1 well planned for September. The Cormorant-1 well is located in the PEL 37 where Tullow Oil is the operator with a 35% interest. Tullow's joint venture partners are Pancontinental Namibia with a 30%, ONGC Vi..

https://www.offshoreenergytoday.com/?p=279029

"According to Wood Mackenzie, the global energy research and consultancy group that reports on all aspects of the upstream oil and gas industry, this will be one of the most –watched offshore wells anywhere in the world this year. It has been highly anticipated for a number of years by the company and our shareholders."

Tullow are confident of this well and others must think they have a good chance as well, if a deal for GBP has not been completed before this well is spud, it could be a much more costly deal if Tullow hits pay. It wouldn't be the first frontier well Tullow spud that came in a commercial discovery where others failed