GREY:CXEYF - Post by User
Post by
Malahaton Apr 10, 2008 6:32am
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Post# 14956368
Rig Availability
Rig AvailabilityI'm very pleased that El Bibane will be on full prodution soon, and that the SEEB power plant will be back on line. It represents a signficant increase of production of the El Bibane resource, and thus faster cash flow. The money flowing from production may make it easier to bid for rigs to grow production . Candax is a small player trying to secure rigs for Robanna, Chall and the deep Triassic, when neighbouring Libya is opening up hugely prospective areas requireing the same rigs. Let's hope our management can use their influence to secure rigs in a timely fashion to get these opportunities realised!.The next driver of SP increase will be management's ability to get these opperations under way!
M.