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Management indicated that there is still a lot of technical work to be done in field development before the drilling gets underway in a serious fashion. ROE wants to be sure it is drilling the best targets to obtain the best results and to be able to determine the most information about the formations from each well drilled. Management indicated that the drilling and engineering and geological experts are still reviewing core samples, drilling logs and seismic information. Drill rigs will have to be contracted. He expects they will be ready to drill by the second half of this year.
I asked about timelines on the contract situation and he could not give me any precise time line.
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