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would the licence be extended automatically or will that be another potential 6 month delay in spudding a well which was supposed to have been drilled in 2021?
Over 4 months since last update - very poor way to treat shareholders. As for "continuing to work with intended rig provider" they could have built a new one by now. Even our resident rig spotter seems to have given up.
Sounds like she was bought with intention to convert to an accomodation unit 4 years ago. Seems unlikely to be in drilling mode again at the ripe old age of 41?
RE: Right place, right time for Tower22 Feb 2022 13:20
presumably rig and equipment day rates will increase along with oil price so perhaps $15m won't go as far as it would have a few months ago - then what?