RE: Last minute trades Thanks Pinkpanther2011. From the quote below, you will note that 6 out of the seven planned wells will be stratigraphic i.e. quick and dirty with no casing. Trying to evaluate what resource they might have on the cheap. Wise move.
"In Colombia, Canacol Energy has awarded Estrella a seven well fully integrated project to drill six stratigraphic well and one exploration well in Southern Colombia. The contract includes the well engineering, construction of roads, locations the drilling and evaluation of the wells and the management of all third party contractors. Rig 552 is being mobilized from Peru for this project. In parallel, Rig 205 is being mobilized to work on a contract with Ecopetrol in southern Colombia. The contract is for the remainder of the 2012 calendar year with the customer having an option to extend the contract for the 2013 and 2014 calendar years.
In Peru, Rig 204 has been awarded a 1 + 1 year contract for workover services in the Talara region. The rig will be mobilized to Peru in early June 2012.
Collectively, these moves result in two similar workover rigs being operated in Peru and drilling rig 552 being moved to Colombia; a market where it is uniquely suited to drill the shallow wells associated with the heavy oil resources in Colombia."