well you could well be right, i really have no idea what their rig contracting setup is.
Assuming for a moment that it is 3rd party contracted, i would be surprised if they wouldn't have established an expected timeframe for the FP#2 well and booked it in accordingly.
from what i understand, these rigs are expensive to operate, and if demand is high, i would imagine the cost to the JV for retention of the rig wouldnt be cheap.
these wells can vary in time with respect to testing and tinkering with optimisations. It could be a while before FP#2 is a reality.
cheers!
VIL Price at posting:
4.9¢ Sentiment: Buy Disclosure: Held