GREY:GRDSF - Post by User
Post by
SENSAI1on Feb 15, 2008 8:33am
265 Views
Post# 14377997
Drilling is expected mid-February.
Drilling is expected mid-February.You can call today officially mid-February so drilling could be anytime now. If there were any delays they would have already announced this, and according to Jason Krueger at Redwood assume everything is happening as planned since there was no news about delays.
Jan.24 new release.
A new 2000 HP drilling rig (rig ZJ-46) built in China was delivered to the Gulf of Suez in mid-January. This rig is on an 18-month contract for WEEM and West Kom Ombo blocks on a call-out basis. The containers have been transported to the Malik 1 drill site on the WEEM block and rigging up is now 20 per cent complete. Barring unforeseen difficulties, drilling is expected to commence by mid-February. The Malik 1 well will be drilled to a total depth of 12,500 feet over a period of approximately 30 days and is the first exploration well of a two-well, back-to-back drilling program. Depending on well results, additional wells could be drilled immediately after completion of the first two wells.