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Message: possible players

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Re: possible players

in response to Re: possible players by mineralfan

posted on Oct 16, 09 08:06PM

Another positive with Tullow is that since the've leased the rig @ a cost of about 1 mil @ day and if they bring it over to drill their other PPL'S, and they could drill Corentyne in 30 to 60 days their cost would be in the 30 to 60 mil range and with the 3D and Rock Solid data already done and paid for by CGX ( 15 mil +/-) the actual JVP cost to Tullow would be less than what most other JVP'S would have to pay. I might have this all wrong but seems to me that based on this scenario a JVP with CGX is a good deal for Tullow. I guess everything hinges on how good the 3D is.

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