10-01-2014, 02:12 AM
'jft310' pid='50246' datel Wrote:I heard the 6 months exclusive OSH right to negotiate with the remaining IPI had a bearing on slow drilling timing. FWIW dept. That has lapsed now..Ltinvest in a seperate comment heard they might be slow in drilling because of the Arbitration who knows. Might be some on going negotiations .. Meg Lasalle today stated remember how deep these wells are being drilled. Raptor is 4500 meters , Bobcat 3100 meters??I think , deeper/over pressured drilling than any other Interoil well. Deep drilling takes time she was saying. I asked for a DST when they drill ahead into the formation.
I'm skeptical about any delay related to the OSH/PacLNG agreement. It seems they could always extend the agreement if they wanted.
I also don't see reason for any relationship to the arbitration.
I think it basically comes down to what Meg at IOC says and to being very careful,deliberate, and observant, along with the problems they have been having with the Orubadi and pressures.