RE: Rigs and Stuff13 Jul 2018 17:07
DBX1 There are many things to consider. All wells need to be planned. Some wells are more complex than others and require more planning and more time. Just to plan a well can take more than one year. Tendering for the contact of drilling the well takes time. (Finding a rig) Ordering the wellhead etc takes time. Should all go well with a JV in the next few months I would be very surprised to see a well drilled before 2020. However, they may already be discussing the well plan and other things just now. Hence the delay in any announcement. I have been in the oil industry for more than 30 years so I know what I am talking about. Just got to be patient with this. Hope this helps in your understanding.