Good pick-up rasberry .... Im still a tad sceptical about 7th being the 'spud' date ... more likely mid-May ...imo.
Heres the WEN.NZX annnouncement ..
27 April 2008
Dear Sir,
Widespread Energy advises expected early May spud-in of Kate 1 well
Widespread Energy holds 11.7% of Nelson based oil and gas exploration company Green Gate Limited. Green Gate is proposing to drill an exploration well (Kate 1) on the onshore Kate Anticline oil prospect near Amberley in PEP 38260.
ASX listed company Gas2grid (ASX:GGX) will be funding the well and in doing so will earn a 55% participating interest in the onshore portion of PEP 38260.
Widespread Energy therefore has an effective interest of 5.27% in the onshore portion of PEP 38260 (being 11.7% of 45%) and 11.7% in the offshore portion of PEP 38260.
The drill rig is expected to arrive on site on or about May 7, 2008. This rig has recently been designed and built by New Zealand based NRG drilling and is presently completing a well in the North Island.
For and on behalf of the Board,
Chris D Castle
GGX Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held