Stream Oil & Gas Ltd SOGAF

Possible Drilling Activity

[fatheroffour]

Good Day,

I just took a look at the Bankers Q4 Operations update and Bankers indicated that they loaned a drilling rig to another Albanian oil company for an 8 week period.  I am not aware of any other Albanian oil company that would be drilling a well aside from Stream.

If Bankers did loan the drilling rig to Stream I suspect that Stream would use this Rig to drill into the Delvina formation.  Also, it would make sense that the offtake agreement for any gas would go to Bankers. Bankers was unsuccessful in finding gas in their exploratory block F last year.

Hope all is well,

[Bobwins]

I think Bankers loaned that rig to Petromanas for Q4 2012 drilling and the rig has already been returned to Bankers so it's not Stream.  

[naive_investor]

Thanks, fatheroffour. That rig is supposed to be returned next week. I assume Stream may have completed drilling the Delvina gas well.  If that's the case, we may see a blockbuster NR early next week. Things are getting very interesting here.