Drilling results mid-October?August 2 update:
RHC has acquired and begun interpretation on 90 square kilometers of 3D seismic that will facilitate project advancement and the delineation of drill targets. These seismic acquisitions, integrated with historical "lead" wells, will help to delineate potential drill target locations and mitigate drilling risk. Analysis of this seismic data is expected to be completed in the next 4-6 weeks. Pending results, the seismic interpretation program will be followed by the initial drilling program. The drilling program is expected to take approximately 10-15 days per well to complete. Analysis of initial results and further production testing will last approximately 60-90 days. It is anticipated that a temporary production facility will be brought on-site to test the well while plans for a permanent facility are evaluated