GREY:ENGFF - Post by User
Comment by
Columbus1494on Jun 08, 2010 12:37pm
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Post# 17168874
RE: RE: RE: ENG plans to drill 2 wells in Lotshi i
RE: RE: RE: ENG plans to drill 2 wells in Lotshi iI think its quite likely they will take the rig from Soco when they complete their 2-4 wells in the Nganzi block next to
Lotshi.They are planning to start drilling in mid july.One well is going to take 40-50 days to drill and 2-3 weeks more
if testing is required.
One well is expected to cost 15-20 million$ so there will be a quite large pp.
Soco is of the opinion that they have a 30% chance of hitting oil with one well.