from jamstec website
Still believe it may dip below 80 prior to drilling with no info between now and drilling starting. It it does it will be good buying.
2. Future schedules The Chikyu will leave Hachinohe port after loading equipments for the overseas drilling shakedown (*2), head to the next test drilling site, off Kenya, and plan to arrive the site at the end of November. The malfunction of the cuttings transfer mechanism and the damages on BOP Hydraulic Connectors will be fixed during the period from Hachinohe departure to the completion of overseas drilling shakedown. Details of the test drilling off the Shimokita Peninsula which was the first test drilling for the Chikyu will be evaluated thoroughly. Operation standards will be reviewed as needed based on the experiences from this test drilling including the malfunction and damages caused to equipments and also from upcoming overseas drilling shakedown. Therefore, the launch of the Chikyu's international operations for the Integrated Ocean Drilling Program at the sea of Kumano of the Nankai Trough in September 2007 will be fully prepared.
*2 The overseas drilling shakedown During the operational test period, before the launch of the Chikyu's international operations, JAMSTEC will carry out a drilling contract at off Kenya and off Australia received from Woodside Energy Ltd., an Australian resource developer, through the Norwegian drilling contractor Seadrill Offshore AS. The aims of this contract are to have sufficient drilling operation experience and to develop deep-sea scientific drilling technologies and transfer those technologies to Japan
GBP Price at posting:
0.0¢ Sentiment: ST Buy Disclosure: Held
