Empire Energy Corporation Intl. (fka EEGC)

[rigman]

Hi,
The Gefco rig is only a basic rig and as a minimum the following extra equipment will be required before drilling can comence:
BOP's (Cost $1/2 mil minimum)
Drillpipe
Drill Collars
Mud Pits
Drilling Line
Koomy Unit
Tongs etc
All this equipment is normally supplied by the drilling contractor (it was all supplied by Hunt) and will add at least $2mill to the cost of the rig.
Rigs built in America are not compliant with Australian Standards, particularly electrical compliance and most rig have to be completly re-wired.
Getting the rig transported to Australia will cost at least $1 mil with probably another million required for transporting the rest of the equipment. Transportation normally takes 2-3 months and another 2-4 months to get the rig setup and certified as "Fit for Purpose" so IMO it is likly to be at least 6 months before drilling can start.