'Palm' pid='17332' datel Wrote:Do like this statement on slide 22 which confirms what we've heard: "Although in the early stages of appraisal, an initial resource estimate of the Triceratops field will be included in our 2012 YE resource estimate." And also this on slide 37: "Ramp up to two rig drilling program at Elk and Antelope and PPL237 with PRE." I believe this means 2 rigs at EA and 2 at PRE, which also confirms what has been heard.
Yes... there has been a shift of devolpment stratagy. I mentioned to one of you yesterday that I was wondering why we were not getting any movement on the ground for Rig 2 & 3. Could it be that these rigs were in play with a partner?
Hmmmm
Ok... is the sell down of E/A to the same partner that will join the Gulf LNG Project? If so, this enity is building a vetical position in partnership with IOC. A profit maker at each step of the production. Also, not moving the rigs from E/A at this time means a acceleration of field develpment in front of ground breaking at the bluff. Can Rig#3 due multi-directional drilling? Nice advantage to exploite in field resource enginnering.. Now, how about the pipeline link from E/A to B/T? More acceleration to bring larger quaities of gas for toot,toot and a toot of another name ?
PNG O'Neil and Duma want this project off the desk and on the ground. Kavo I expect is working hard to get the Gulf Province ready.
Interesting morning.
Cheers