CGX Energy Inc V.OYL

Any update on the status of the Discoverer?

[Beaner1814]

Given that the only solid statement we have from OYL and FEC about when drilling will commence for Wei-1 is the second half of 2022 (starting on 1 July 2022), I am finding it hard to believe that drilling will begin as early as May as per the relase from Kaeuter News. Or am I missing something from the gift horse's mouth?

As they need the rig to drill Wei-1, as I am sure Suresh does not stretch, I am wondering if there is any greater update on the status of of the Discoverer (other than Maersk's fleet report). I am assuming it is presently within the Manatee Field off the southeast coast of T&T.

[tiger77]

The company has always said 2H 2022.  News outlets are inaccurate so people need to stop using those as the good word.  Its in T & T drilling.  CGX will not get it back until they are finished with it and the rig schedule said it would be about 3 to 4 months so look for a July / Aug timeframe if all goes well.  Of course it could be sooner if something happens with Shell