permit to drill, page-2

The spartan 202 jack up rig is currently with Contango drilling the Ship Shoal 255 exploratory prospect.

I found this in a recent Contango announcement:

"In December 2013, we spud our Ship Shoal 255 prospect (100% WI) in 158 feet of water in the Gulf of Mexico with the Spartan 202 rig. The Company has budgeted approximately $23 million to drill and evaluate this well. Proposed total depth is 16,000 feet, with total drilling operations forecasted to take approximately 70 days."

I am not exactly sure when the SS 225 spudded, but assuming mid December it should be done in time for Byron's requested spud date of 1 March. It will be an interesting two weeks. Those that have been considering taking a position will need to do so in the next couple of weeks which may result in some price action prior to drilling.