Phase 2 Rigless Testing ProgrammeToday 20:02
As per the company's Feb 20th RNS detailing progress made and forward planning for rigless testing in Guercif:
"Phase 2 rigless well testing
Phase 1 rigless testing information has confirmed Sandjet as the preferred choice for perforating multiple zones in MOU-1, MOU-3 and MOU-4 for rigless testing.
The Sandjet rigless well testing programmes for MOU-1, MOU-3 and MOU-4 will be finalised and thereafter Sandjet will be mobilised to carry out the testing operations.
Mobilisation of the Sandjet crew and equipment will occur shortly after Petroleum Agreement Amendment #4 has been ratified and all necessary regulatory approvals for Sandjet rigless testing have been received. The time framework for the Phase 2 rigless testing programme will at that time be updated."
Comment: I take it from the last sentence that the necessary PA Amendment #4 has NOT yet been received by PRD, so that PRD cannot progress the sandjet testing as yet, or else we would have been notified via RNS by now.
But it should be noted that on previous occasions, we shareholders were told we would be kept up to date and yet PRD changed the timetable, or a change was forced on it by circumstances. So anything could be the situation currently, given past experience.
Not to mention having a MOU-5 Well planning update.....
A new month starts next week, so I'm hopeful we will get a comprehensive Update RNS.