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Re: None

Monday, 06/01/2009 9:15:35 AM

Monday, June 01, 2009 9:15:35 AM

Post# of 361984
****UPDATE CLARIFICATION JULY DRILLING*****

Just had lengthy discussion with JDA Source.

July drilling is happening. Nothing has changed.

Sinopec is drilling Block 2 FIRST week of JULY. The rig Sinopec is using will be in JDZ in about 2-3 weeks. Sinopec will issue PR about a week or 2 before drilling starts he said.

Addax will start drilling in 2nd week July. Worst case 3rd week of July he said.

I told him I had heard thru a source (spec29) that drilling might not start until late 3rd quarter. He said No. Not the case. Not an option. He made a point by saying "everyone is geared up and excited." He also said this week the JDA staff that will be visiting the rigs are going thru "survival training exercises and other training." Drilling is imminent and they would not be taking all these measures if it wasn't.

Also, lastly I asked him why JDA Chairman Jorge Santos said June drilling versus July drilling and he said June is when rig(s) expected to arrive. Rigs arrive, set-up, then DRILL.

That is the latest as of about 10 minutes ago. It's going to happen. SMILE!!!!!