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palta news

  1. rivermore
    2,603 Posts.
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    16/03/13
    10:20
    Post #: 11546895
    Bad news I'm afraid.
    UpstreamOnline are reporting that Shell NV have suspended operations on the Palta well due to problems with the BOP.

    Can't get into the body of the report yet. Does anyone else have access?

    Thankfully, Santos should be starting the Winchester drill via ENSCO 109 shortly. Disappointing result but at least it hasn't cost OXX anything. Adjacent permit WA394 is up for renewal by Shell (by 23rd April) or it reverts back to OXX. Win either way for them it seems.
    OXX Price at posting: 19.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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