final prospectusThe final prospectus was posted on SEDAR on Oct 14. Some notable points
1. The earliest expected arrival date for the Atwood Beacon is now November. This confirms the delay. And I think the delay confirms the point that Inpex has seen enough of interest to invest in additional testing. However, CGX is now talking about the possibility of delay in the arrival of the Atwood Beacon on the Georgetown well until 2012Q1.
2. With respect to the Corentyne PPL, the licence is in its second renewal period (the "Corentyne Second Renewal Period"), which expires on June 24, 2013. The Corentyne Second Renewal Period is split into two 18-month phases ("Corentyne Phase 1" and "Corentyne Phase 2", respectively). Corentyne Phase 1 requires the Corporation to drill one (1) exploration well by December 24, 2011. The Corporation has advised the Minister that it is in the process of bringing a separate drill rig into the Guyana-Suriname basin but may not be in a position to drill the well by December 24, 2011. The Corporation has identified a rig that it believes is suitable to meet the Corentyne Phase 1 requirements but has not entered into any formal arrangements with respect to such rig as of the date hereof. The Corporation will also continue to survey the rig market to identify alternatives.
OK. So make the formal arrangements! With any luck, we will have two wells spudded within the next 4 months or so.