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+--- Thread: A6 EOY Drilling Update (/showthread.php?tid=9547)
A6 EOY Drilling Update - davidhmtk - 01-08-2016
From our Aussie partners IR department :
PRL 15, Gulf Province, PNG
2km east-southeast of Antelope 3
During December, rigging up of High Arctic
Rig 115 was completed at the Antelope 6
location. Drilling commenced on 23
December, with the well reaching a depth of
512 metres by the end of the month. The
well has a planned total depth of
approximately 2,650 metres.
RE: A6 EOY Drilling Update - 2126 - 01-08-2016
VERY Best Case Scenario (without Ant 7 approval) without any intervening problems (somewhat low odds for that)
Total days drilling in 2015 since spud (estimated) =8
Depth on January 1, 2016 = 512 meters
Drilling rate so far (2015) = 64 meters/day
Estimated days to total depth at current rate (without any other variables) = 42
Estimated date to total depth (without any other variables) = February 2
Testing and completion of Ant 6 best case = 30 days (March 4)
Trigger date (within 5 days of completion of testing of final appraisal well) = March 9
Appraisal certification completion (90 days) = June 10
Interim Resource Payment (10 days after Interim Resource Certification) = June 20
Days to Interim Resource Payment = 163
RE: A6 EOY Drilling Update - jft310 - 01-08-2016
2126 Oil Search estimated July payment for at least their deal . They surely have enough gas.
RE: A6 EOY Drilling Update - Martinistocks - 01-08-2016
About 164 days from now. Of course 2126 that is the perfect world or best case scenario.
RE: A6 EOY Drilling Update - ArtM72 - 01-08-2016
That would also be a wonderful way to celebrate the first day of summer. Maybe a reason for a trip to New York.
Many thanks to 2126 and OSH.