EBR 0.54% 93.5¢ ebr systems inc.

cooper basin drilling cleared, page-7

  1. 1,187 Posts.
    Just rang Tony Rechner from EBR. He said that the Ocean Patriot is being to towed to the next well - not EBR's (Baxter?). He didn't have a handle on how long it would take, somewhere between 10-60 days is 'normal.' But they are next. Also, they haven't yet decided whether Maclean or Gilbert would be first, depends on certain factors.
    For the Cooper Basin drill program, they are working through the process of getting a rig. The White Sands rig is jumping through the necessary hoops, he wasn't sure how long that would take. They won't necessarily use it to drill their wells.
    At Culana they have Commonwealth Gov. permission to drill. Just looking for a drill rig. MNR is the operator there, so it is in their hands.
    Could be a bit of a wait, but there is a lot on and I'm sure the stock will heat up at some stage. When asked by me, Mr Rechner said he hoped it would all be completed by year's end.
    Regards,
    Pennynut.
 
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