News on licence renewal imminent, governments work at snails pace !! === There will be some changes to the Licensing system.....imo/dyor. Do not expect any drilling before Mid 2017...imho/dyor. SL will have some good news regarding the feed....etc....imho/dyor. Cheers, 50p...imho...dyor
Brent finished 50.09 for the week , hopefully next week POO will consolidate over the magic figure ,which will encourage oil companies to look at easy licences to produce oil. Argentina threat has disappeared towards the whole falkland oil industry and see the potential is to do business rather than the old regime. News on licence renewal imminent, governments work at snails pace !!
I meant drilling this time next year , as it will take six months to hire the rig and then do all the H and S checks. I agree that Noble will share the rig with RKH and PMO to appraise Isobel again. If one of the drills Rhea , Helois. Or Kratos are successful they will have time to look at a production programme whilst PMO are doing Isobel. However they will have to go back to the preferred drill site to fully appraise the find , that hopefully can be done by the same rig. During this time the share price of Argos will not be 4.25 p.
Please have a look at the comment on rkh's bb on iii on "17:24" "And back to the AGM"......LOL...LOL....LOL...
"Fiona, and the rest of RKH, were very frustrated with the performance of the ER. They had been able to do some loggin during drilling Isobel, but could not do everything they wanted due to the ER problems. Furthermore Fiona is since long time very interested in Chatham. It might be in connection with SL20?? (not sure) which went up dip but did not go above the OWC. Could be very interesting indeed."..
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