'Palm' pid='30627' datel Wrote:
'Tree' pid='30624' datel Wrote:Aloha Maui, You're up late. Closed down the Tiki on Devil's Night again?? Clues within imply that the third party is not a Jr. explorer. More on this within a reasonable timeframe.Interesting that NGE's comments from it's quarterly update provided by MauiVOnMarko don't include a paragraph from the official PR filed with ASX. The ASK PR has this at the end:
"In the current economic conditions, junior explorers are finding it difficult and expensive to access equity funding for their activities. The dividends that NGE will receive from WDL from
this contract will be a welcome source of additional revenue in 2014.”
Last we knew both of IOC's rigs are within PRL 15. Might this be for Wahoo or Tri?
http://fortbridge.files.wordpress.com/2012/04/asxnge31102013.pdf
Check out this string from last August- Post #3- http://shareholdersunite.com/mybb/showthread.php?tid=4443&highlight=Western+Drilling
I hope this means they will be moving the Western rig to Wahoo. They say it is capable of drilling in excess of 4,000 meters (13,000 + feet). Wahoo will be a shallow well so the rig is more than capable of drilling Wahoo. In fact it could even be used to drill Raptor which is the deepest prospect that I know of on IOC's Prospect list.
IOC's Rig 2 is also heli-portable and can drill even deeper than the Western rig. If PRE is not going to bring in a rig it might be best to have the Western rig at Wahoo and IOC's Rig 2 at Raptor.
I wonder if PRE will try to contract a locally available rig (Western?) or bring one from South America? I think Western Drilling has two of these heliportable rigs in PNG and I think they are more or less identical.