let the games begin, page-15

Spud tuesday maybe, then with the deep water it will take them 3-4 weeks to get to the pay zone (if any).If successful, wireline etc.
So we have time for a build up of interest with little early news.
This is a seriously good rig (sophisticated and well run) so the depth and drilling should not be a problem (I was involved with it in Angola), but it is a long way offshore for supplies/crew change/ development etc.
First well is GAwain in Chidorah 'field', which is high risk and between 0.9-6.8-17.5 tcf. Then off to Galahad in Gigantor, which is Medium high risk and between 1.0-6.8-17.5 tcf. (according to OXX reports)
Both big plays and huge upside for OXX if successful. Current mkt cap is approx $100 mill, could easily go the same as KAR to $1.5 Bill if successful did on its drilling program (well the first hole anyway).
Hang on for the ride!