Well the WilBoss was freed up from prior commitments and arrived on SC54 a little earlier than we all thought it would. Drilling seems to be progressing well and Yakal-1 and Tindalo-1 will be completed before we know it. If these are successful, then I can't help but think that the rig will be definately available for another quick couple of drills in the shallows. Might as well take advantage of the mobilisation/demob fee while we have a perfectly good rig in the area??
As noted in the 5th June Nido announcement:
Nido with its Joint Venture partner Kairiki Energy Limited (Kairiki),is pleased to announce it has entered into an assignment agreement with Premier Oil Vietnam Offshore B.V. (Premier) and WilBoss Ltd to contract the ‘WilBoss’ drilling rig for a firm two-well shallow water program with the possibility to extend the contract to further wells.
NDO Price at posting:
25.5¢ Sentiment: Buy Disclosure: Held
