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AWE Provides Hoki-1 Update
16 Mar 2010 | 09:36:00 | Associate analysts | Increase | Decrease | 
Original announcement: AWE`s Hoki-1 update
AWE provided a Hoki-1 update, reporting the Kan Tan IV drilling rig has successfully completed the running and cementing of the 13-3/8" casing at 1,505m. The operator of the Kan Tan IV drilling rig, Maersk Drilling, advised the Company that some essential repair work is required to ensure the ongoing safe operation of the drilling unit; such repair work was intended to be undertaken whilst the drilling rig was in transit from Australia to New Zealand, however was deferred due to weather. This work is primarily related to the drilling mast. Maersk, to whose account the cost of rig time and repair expense will be attributable to, has advised the Company that this work will take at least 7 days, following which, the drilling of Hoki-1 will resume.
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