Where is our spud of A-7 ???

[will2bgreat]

Only 4 more days to October.... Will they spud the well as promised? Are they (TOT/OSH) slow-walking the process to make sure the deal closes? IE, if the deal does not close, they cancel A-7 and force IOC to accept a low P50 estimate... Hmmm....

Or another possibility is they are slow walking the process to make sure no results leak out before the deal is closed.

[Getitrt2]

They could spud A-7 tomorrow and not have to worry about results "leaking out" for a long time to come, but they would be incurring more costs. Spudding A-7 is probably part of and contingent upon the buyout deal.

[KnowTheFacts]

Oil Search's September comments re ANT7 are attached.

[KnowTheFacts]

In case the attachemnt is not accessible:

http://www.oilsearch.com/Media/docs/1610...dbb7-0.pdf

Well Name Antelope 7

Well Type Gas appraisal

Location PRL 15, Gulf Province, PNG 1.4km WSW of Antelope-5

Rig HA 115 Objective/ Targets To test for reservoir presence and definition on the western flank of the field.

Status During the month, the mobilisation of Rig HA115 from Herd Base to the Antelope 7 drill site commenced. At the end of September, the rig move was 92% complete and rig-up was 37% complete.

Operator Total E&P PNG Limited Participants1 Oil Search 22.8% Total 40.1% InterOil 36.5% Minorities 0.5% Total 100% 1 Gross interests, pre-Government and landowner back-in rounded to 1 decimal place