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coe drilling of carbine

  1. jocam9

    1,317 Posts.

    You are right Alistair, COE it to participate in the drilling of Carbine 1 in Pel 93 following a revision of the farm in terms. COE will earn 30% of the block for meeting the full costs of this well. Not a bad deal for STU! Carbine will be drilled after Hovea 3...... apparently using the same rig? Long way to move it. Looks like a spud before Xmas. COE is still nicely cashed up so maybe the sps won't retreat after all but my gut feeling is that they will be a bit softer this week. New untried company and all. Good luck.. JBC

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