Atwood Beacon Delayed
Many of you were upset when I posted the note below. I now feel vindicated with Repsol said"the Atwood Beacon has been significantly delayed "
With such a long delay, the enormous cost and the various whisperings abuzz, i share the view that Inpex may have a discovery
My Japanese friend knowledgeable about Impex in Suriname has informed me about the problems they face in Suriname . Firstly, there was the problem about the collapsing hole before the 13" casings were placed in . This involved moving to a new drill location several times. They are only now running new 13" casings and the 9 5/8" casings are still to be put in place. He anticipate that the Well will be completed by November / December and that Inpex could keep the Rig longer for some testing if there is Oil .Both CGX and Repsol know this , hence the reason for trying to acquire Rigs.I think that Repsol may have found a Rig in Mexico while CGX is still searching for a rig as CGX cannot wait until either Repsol of Inpex complete their Well.