Our Rig18 Nov 2023 11:17
After reading through Skittish posts, I think it puts a completely different slant on the reason for buying a Rig that was 11 years old and had been cold stacked for the last 7 or 8 years.
Putting it into service straight away after an audit which in effect was only cosmetic, was a BIG gamble, and with breakdowns, has been a risky strategy to pursue. But fortunately/hopefully, if we get some results, it may just have paid off!
On the other side of the coin, the Predator is built like a Brick ****house, and Epiroc have a Service option called a “mid-life” option, which would put in place a replacement scheme for all the critical components, which may cost several million $’s, which we may implement once Rukwa is done, but at the end of the day we should have a “Fit for Purpose “ Rig, with plenty of life left in it, for a fraction of the cost a similar new Rig ($25m ?)
Potentially a smart move! Also sits well with the Eyasi theory!
Anyway, enjoy the weekend, and don’t wish your life away waiting for Monday or next week - time is the only 100% accurate constant in all of this, and we will know when the time is right!
Health is wealth
GLA