RE: RE: RE: Oando puts a well on production cl Very useful summary BlindBat, a couple of comments.
The Oando driling rigs are swamp rigs so they are not being used by OER.
Qua Ibo will be taken on by OER at Oando actual cost which is effectively drilling plus payments to Mart and the JV partner which are less than $3 million I believe, total will be nowhere near $100 million.
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I'm no expert in poking rig and would have assume if good enough for swamp good enough for dryland - but if you say so - so be it, dunno frankly. Still leaves OER with no poking rig just the same it seems.
$100 MM Debt for Qua Iboe comes straight from their October presentation. look at the foot note on page 4
==> The Debt figure does not include $100Mn on Qua Iboe