Rig SavingsActivity should begin soon. Wonder what the "substantially reduced" day rate is? Is Jeff on the hunt for other properties now that crude has substantially declined? there should be some bargains out there.
The drilling rig will now be demobilized with the drilling program planned to re-start in the second half of April 2020 utilizing a new drilling rig under contract with a substantially reduced day rate in comparison to the rig that just completed drilling the L53AA pad wells. Drilling will recommence initially with a water disposal well at the L53DD well pad, followed by the L53-BB1 exploration well that is targeting multiple sands on trend and north of the L53-DD field and then the L53AC-E exploration well targeting the West A1-A4 prospect fault compartments within the Kampaeng Saen basin, immediately north of the producing L53-D field. An additional two appraisal wells will also be drilled within the L53-DD field to complete this drilling program.