bond must be in place25 Apr 2019 10:45
COPL expects the performance bond to be in place in the coming weeks, at which point “activities on OPL 226 can be commenced in earnest”.
“We are now well placed in the development of our strategically important Nigerian asset as we look to commence drilling of the appraisal wells later this year,” said Arthur Millholland, president and chief executive.
“This is a key step to enable COPL to become a successful mid-tier oil and gas company. We look to the future with confidence given the imminent commencement of operations and the recent evaluation of our Nigerian asset's resources.”
COPL said in January that it hopes to start appraisal drilling at OPL 226 in mid-2019, subject to finance.