Hi Ras... Yes ,Work is Due for commencement as per Announcement...

Hi Ras... Yes ,Work is Due for commencement as per Announcement in June '09 ...as I believe its now June. My Guess would be that work has already commenced ,they already had the approvals and Confirmations from the Department Of Energy Of the Philippines....Yes true as confirmed by GGX the wells are loaded with gas how much is the Question , now X that by 2 wells and fingers crossed , it is a major load full.... it could be a company maker .
(I don't recall the oil , plz correct me if I'm wrong... I may have to reread the ann.) the current SP seems a very positive I would suggest at the moment for not much activity ... Once the flow of announcements come through then expect the SP to move forward with confidence ,its been a while since last build up from the (Kate Well) days in NZ that was a good time ...Hopefully this time around they hit the mother load ....