The company which should be happy about reduced drilling costs is the insurance company which will be paying the bills. They are getting a big break. They can also take advantage of the lessons learned from Tau-1. Good chance everything will be smooth and cheap for Tau-2. I’m guessing Gulfslope and partners are pretty much ready to roll and just need a drilling permit. Have heard from friends in the industry that BOEM has continued to work on application processing, so they shouldn’t hold things up. Maybe sometime in the next two months we will be drilling and can get a nice bump to the SP. If wishes were horses............
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