04-23-2013, 09:30 AM
Hemi, I am confident all the planned drilling is not dependent on IOC's two rigs. It's planned for Rig 3 to be drilling Elk 3 very soon, and I anticipate Rig 2 going to Antelope 4. I expect PRE to be bringing in probably more than one rig for PPL 237, including for Triceratops and Raptor/Duckbill. I also would not be surprised to see one or more additional rigs going to PPLs 236 and 238, either from IOC and/or farm-in partners. Cost-wise it really does not matter who the rigs come from; the costs will be allocated appropriately in any case per the JVOAs.