Yes they did say later in the year in the latest statement, drilling always seems to get delayed. However, they did make the following comment in their 24/4/08 quarterly activities statement that they planned to drill the second hole by mid year. So lets hope we get an announcement regarding at least contracting of the drilling rig in July/August.
Not sure it matters as long as they drill this year. It seems to be hard to get an oil drilling rig at the moment. With oil price continuing to go up. They are all drilling for oil and gas that was previously not economicaly vailable.
OIP Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
