RE: meter installationSent this inquiry yesterday,
Thank you for your response of last Thursday re: the meter installation. I will assume that we are ramping up at this time.
Do we intend to drill WHERRY (upon field development plan approval and acquiring Centuries interest) before the other exploratory wells on Blocks 43/24b,47/202a and 16/16b or
later in the year? It would be good to have that revenue coming in to pay for the exploration wells and thus less exposure to the Banks. Oilexco is a good example of getting to deep into the RBS.
Received this response later in day,
"The work on the platform is in progress and may be finished today, you may have seen or read of the storms across the UK the last several days.
Bridge will not spend any money on drilling North Sea or any other wells that are not covered by funds already received from revenue.
We enjoy very good relations with RBS and communicate openly at all times, costs are also coming down so prudence is definitely the strategy now. "
I like sound management that doesn't over extend us with the banks.
Tortoise10