palta-1 reporting., page-77

bitzer,
I rang Albers earlier this year and we discussed Palta. Shell has tight PR control on this well and even Albers admitted he may not be party to immediate results.

I was rather disappointed in the lack of news but at the recent O&G conference ( this week ) David Wrench from STX said that it had been considerably delayed due to repeating storms. The good news was that Target Depth was expected within a fortnight.

I was greatly heartened. There is still life in this drill.
Good luck everyone.

I have positions in both OXX and STX.