New Rig - How Much Faster will it Drill ?

[johnwgrant]

This is a "pretty-please" request to those in the know about drilling rigs.   When InterOil finally spuds Elk-3 (Nov 30?), what kind of speed can we expect from the "new" 1,500hp "triple" rig vs the rig currently drilling Ant-3 ?

I'm looking for a "factor" kind of answer...   IE, if the current rig can drill an 8,000 ft well in 3 or 4 months, the "new" rig could drill the same well in ??? months.

Thanks for your input.

PS: I am extremely puzzled/perplexed by the price action of the stock -- but, I am appreciative for all the information shared on this board.

[trans]

The rigs we've been using , if you look back, drill about 107 ft per day, imo, with stoppages to lay casing....