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Art2004

03/11/09 6:38 AM

#154408 RE: RUBY1100 #154407

GREAT NEWS!!

WOW!!

KUDOS, MARK AND SOUTHERN MAN!!
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upatnight

03/11/09 6:39 AM

#154409 RE: RUBY1100 #154407

Great news Ruby! Kudos to Mark and others who gave us the heads up.
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majicathome

03/11/09 6:42 AM

#154410 RE: RUBY1100 #154407

wonder who the 'third party' is

The contract with Transocean requires the Deepwater Pathfinder to drill four wells in total with a minimum commitment of 120 days.

The Transocean contract anticipates that the Deepwater Pathfinder will start drilling operations in the fourth quarter of 2009 once it has completed a drilling campaign for a third party operator in Nigeria.
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walldog0

03/11/09 6:51 AM

#154411 RE: RUBY1100 #154407

WE ARE GOLDEN..........:-)
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phonemanfl

03/11/09 6:53 AM

#154412 RE: RUBY1100 #154407

Ruby never sleeps!! Thanks my friend!!!
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Art2004

03/11/09 6:54 AM

#154413 RE: RUBY1100 #154407

The Addax wells could be divided between Kina, Block 4, OPL 291 and other JDZ blocks??
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YankeMike

03/11/09 6:55 AM

#154414 RE: RUBY1100 #154407

It's great to have the Deepwater Pathfinder signed to drill 4 wells beginning in October!
According to Addax, we will get drilling results about 60 days after drilling begins, so we should have drilling results (hopefully from Kina) right before Christmas!! :-)
Mike
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wcamom

03/11/09 6:59 AM

#154415 RE: RUBY1100 #154407

nice to see good news first thing this morning...thanks for posting...

wca
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umbra

03/11/09 7:36 AM

#154419 RE: RUBY1100 #154407

Thank you for your wonderfully informative post 'Ruby1100'. While thrilled, one thing would have made the PR even better...mentioning ERHE of course and in this context..."Addax and its partner ERHE will commence the drilling of Addax's interest in OPL 291 and their joint interest in both the Kina prospect in Block 4 of the Joint Development Zone (JDZ) and their recently acquired stakes in OPL 321 and OPL 323.

Can you just imagine??

Once again, thank you, Ruby.
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Nightdaytrader

03/11/09 8:05 AM

#154427 RE: RUBY1100 #154407

$600K/day? So much for Gandur not signing contract last Fall and waiting and getting a much better rate in Feb/Mar 09 - LOL.

Nice find Ruby1100.

Congratulations to all who predicted Deepwater Pathfinder - Markgovols, Southern Man, SPP 119, Spec29, Oily?, etc, etc, etc. After all the delays, rumors, and pumping, I must say I really didn't believe you guys this time but you were right. So again, congratulations to you and everybody who has waited for soooooo long.

ND9
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TheDane

03/11/09 8:09 AM

#154429 RE: RUBY1100 #154407

Well, looky there!
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TheDane

03/11/09 8:12 AM

#154431 RE: RUBY1100 #154407

Of note is the volume...It did not lead the news. Unless it was the volume that got us to .32.
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Lickety Split

03/11/09 8:25 AM

#154433 RE: RUBY1100 #154407

Well, what do you think of that. It appears JCG took my challenge to heart and has FINALLY succeeded in getting a contract for a ROO. Congratulations to JCG. Now, please try to get it there before the end of the year. The PR says 4Q and I understand that in JCG SPEAK to mean December 09. Good enough so long as more delays do not slip the date AGAIN.

Strass - 500 - JCG 1.
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TheBoyzAreBackInTown

03/11/09 8:26 AM

#154434 RE: RUBY1100 #154407

Our minnow is becoming a large fish!! Thanks Mark, Ruby, Southern for updates!!
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TheDane

03/11/09 8:50 AM

#154438 RE: RUBY1100 #154407

"...deepwater inventory consists of numerous sizeable prospects which, if successful, have the potential to significantly enhance the Corporation's recoverable reserves."

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CobraJet

03/11/09 9:08 AM

#154441 RE: RUBY1100 #154407

Post-of-the-Day. Thanks Ruby! eom
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Opus X

03/11/09 9:14 AM

#154447 RE: RUBY1100 #154407

VEGAS BOUND BABY!!!!!!:-)

Great news! Thanks for all the intel, Messrs. Mark and Southern Man!

GLTA,

Opus X
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Homeport

03/11/09 11:49 AM

#154531 RE: RUBY1100 #154407

I'm raising a glass in your honor, Ruby! Southern Man and Mark will be the next two to be toasted. But there're others here who also merit a tip of the hat for recent shared info/comment.

Looks like I'm heading for a hangover....

Leve leve,
HP
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tryoty

03/11/09 12:39 PM

#154553 RE: RUBY1100 #154407

Mark, I hope your mailbox is FULL of apologies!
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Digdeepforsweet

03/11/09 5:00 PM

#154649 RE: RUBY1100 #154407

Ruby1100;Thanks for the Newwwwwwwwwwssssss What we have been waiting for ....Not long now ,..For us that have been long... Son's college bill comes due in a year... Glta Dig.