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dat_51or

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dat_51or

Re: petemantx post# 160402

Sunday, 05/03/2009 7:18:04 PM

Sunday, May 03, 2009 7:18:04 PM

Post# of 361984
Peteman...why would we not need drillships up the gazoo for a couple of years?

One good reason is Addax's budget. Their pockets aren't very deep when a well cost runs $30-$50million each. Drilling expenses have to be budgeted, largely based on income from existing productoin.

Just my two cents...
dat
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