From EPR quarterlies regarding the drilling on P46 Drilling expenses Q2 $1782540. Q3 $ 145063 Q4 $ 298911 I appologise if this is repeating as i only got on epr in the last week but what is outstanding for dec/jan if these expenses were incurred so far and fermat was spudded 14/12/08.
BPT embarked on a 3 well drilling campaign PeeJay1 bpt 50% Spikey Beach bpt 80% & P46 bpt 50%. On 21/01/09 bpt said "It has been decided that a jack up rig is unsuitable for drilling Spikey Beach 1 and the West Triton rig has been demobilised and will return to Singapore." Are the costs suddenly higher as it's only a 2 well campaign and who's fault is it.
EPR Price at posting:
0.4¢ Sentiment: Buy Disclosure: Held
