13 Mar 2017drilling progress report● NeutralMajor
Hyperdynamics, Guinea, and new partner South Atlantic Petroleum (SAPETRO) signed a tri-party protocol committing to spud the Fatala well by May 30, 2017.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
30 Jan 2012drilling progress report▼ BadMajor
Sabu-1's estimated cost rose to about $125 million ($96.3 million net) because of rig problems, port delays and extra logging, cutting cash to a projected $19.4 million. The company said it could finish the well but deferred the second well, which would need new financing or sales of Concession interests.