VIL 0.00% 1.6¢ verus investments limited

believe101Following is the timing for the selection process...

  1. 1,170 Posts.
    believe101
    Following is the timing for the selection process

    "Subject to clarification of the submitted bids the full technical and commercial evaluation is expected to be completed by 15th December 2011. Internal ADX, Joint venture and ETAP approval for award of the contract is expected to be received around early January. Following approval, the rig and equipment will be moved to the location and the well prepared for testing"

    This, to me, is a little ambiguous....eg technical and commercial evaluation does that mean rig is at site and we will know if the hole is commercial or does it mean that is when they issue contracts based on internal tech and comm evals and rig is to be at site by 15th and we then need to wait xx days for flow rates?
 
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