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Howardhaftel

07/28/10 12:10 PM

#16687 RE: invest2002 #16686

Actually its more then 2 months but who is counting days.
You have neglected to figure rigs located in Australia and a Joint venture company that has resources as well. Don't second guess the company.
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rigman

07/28/10 7:06 PM

#16706 RE: invest2002 #16686

In my experiance it takes a minimum of 100 days to move a rig into Australia from the US. The rig that the PR claims they have bought was not built for Australia and once it arrives will probably take another 2 - 3 months get compliance with Australian standards. As I have said before IMO it will be at least 6 months from when they start shipping the rig to spudding the first well.