Drilling, lots more to comefrom theknight
"Up to 5 holes will be drilled by the end of the July and testing of the wells will begin around that time(and maybe a little before)"
I have read elsewhere here that the plan is for 17 holes by the end of 2007, does this now look low or will be loose some rigs or are we ahead of schedule with 5 completed by end of July?
Looking out, Falcon may need 8 to 10 rigs eg about what UPL and Peyto
use on a regular basis. Who is Europe can provide this kind of drilling power?
Last quarter UPL fell a bit short due to late delivery of new fast
rigs that can save 25% of drill time vs older rigs. Who in Europe
can get these types of rigs built or do we see a North American company gearing up for Falcon along with the Europeans such as Crosco.
Interesting times to say the least.
Comments appreciated
Have a great long weekend