OEL 7.69% 1.2¢ otto energy limited

looks like they have a rig but not in time, page-16

  1. 4,510 Posts.
    Great and thanks to EJ Pert for clarifying it all.

    Now we won't have to hear about Galoc North again and can concentrate on the rest of it.

    Drill rigs are only booked for a certain period of time. If there is a techncial problem with one of the two developments wells, then potentially there will be no time for a 3rd wildcat well. I would expect the development wells to go accordingly to plan as they are not wildcats and they pretty much know what they are drilling into, but you never know and there are many variables with drilling.
 
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