COPL said it is in talks with “certain shareholders and other organisations” to obtain the necessary funding.
In preparation for this summer’s expected drill campaign, the company has signed a non-binding letter of intent with an offshore drilling contractor for a brand new high-spec jack-up rig, which is currently undergoing final inspections.
In preparation for this summer’s expected drill campaign, the company has signed a non-binding letter of intent with an offshore drilling contractor for a brand new high-spec jack-up rig, which is currently undergoing final inspections.
The company expects the performance bond to be in place to the satisfaction of the regulatory authorities in the coming weeks, at which point activities on OPL 226 can be commenced in earnest”