Work is continuing on the refurbishment of the Catahoula Lake barge rig although adverse weather conditions in the region, including rare snow storms, have caused some delays. The refurbishment is scheduled to be completed in approximately four weeks and drilling is planned to commence before the end of March. Up to twelve Catahoula Lake project wells are planned to be drilled from either the barge rig or from a land-based rig in 2010.
Fingers crossed for 2010!
FUT Price at posting:
0.4¢ Sentiment: Buy Disclosure: Held
