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Ann: Transforming New Standard Energy , page-56

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  1. Freehold
    23,253 Posts.
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    10/12/13
    13:56
    Post #: 12681224
    Bhutos,

    Enerdrill are still contracted to drill 3 wells (Incl Condon and the 2 Canning wells) in WA in 2014. ... If they did not want to drill the Canning in 2014 they would have simply cancel the contract... But they haven't cancelled it... So To all intents its still on IMO.

    So for 6 months drilling delay in WA they will likely have 6 producing wells in the Eagle ford area... That's a pretty fair tradeoff IMHO
    NSE Price at posting: 11.5¢ Sentiment: ST Buy Disclosure: Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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