As explained on LSE website today, #I3E currently on day 41 of a 94 day 'initial' drill contract.
The 3 drills are costing $36m of which $33m to be paid this Summer due to BHGE taking $3m at 1st oil.
I3E raised a total of $48.8m for their drill campaign.
$15.8m float in play.
The 3 drills are costing $36m of which $33m to be paid this Summer due to BHGE taking $3m at 1st oil.
I3E raised a total of $48.8m for their drill campaign.
$15.8m float in play.
L2 and A3 confirmed as 41 and 40 days duration including contingencies.
Said contingencies surely covered already, either in $33m cost or the float.
Even after standing down, #I3E are bang on their L2 duration.
Re-mobilize from 26th Sept and they are only 3 days out of sink.
Said contingencies surely covered already, either in $33m cost or the float.
Even after standing down, #I3E are bang on their L2 duration.
Re-mobilize from 26th Sept and they are only 3 days out of sink.
Apologies L2 duration was 41 days, so they are still within the drill in terms of contingencies.
Thus 26th Sept places them 2 days max outside known long stop plan, with S1 and A3 capable of matching L2 and beating the long stop date.
#I3E
Thus 26th Sept places them 2 days max outside known long stop plan, with S1 and A3 capable of matching L2 and beating the long stop date.
#I3E
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