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Equator Exploration - Sao Tome oil play

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orvis - Tue, 03 Jan 06 :

thanks ppowerscourt - any estimate of how long it might take to get to 3550?

edit
On checking the RNS's it would seem that drilling is slower than forecasted.
On Nov 28th they said they would drill to 3100m in about 35 days. Hence me thinking that they must be nearly at TD since 35 days takes us to Jan 3.

The update last week said they had reached 1583m which equates to a drilling rate some 44% slower than forecast ( assuming an even rate per day is achievable which may not be correct for all I know).

Add in that the TD is increased from 3100m to 3550m and we could be looking at another 40 days from Dec 30th to completion pre testing. Seems slow.


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