GOP gippsland offshore petroleum limited

onhore drilling

  1. 1,180 Posts.
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    If you were wondering about the delays in onshore drilling....it seems the rig they planned to use has to be modified to meet Australian standards as it did not comply. Folowing that it may well be taken to the Cooper Basin by EBR for drilling there as EBR has the first call on the rig....however that may not happen as the Cooper drilling may be delayed if White Sands (the rig operator) decides to go through an IPO before drilling there (as they were going to do the Cooper drilling as a partner rather than for cash). In that case they may well drill for GOP to get some $ while they await the IPO to sink or swim! Got that? A little complicated hey?

 
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