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Telemark Schedule      8-Nov-09 12:47 am    
In the CC they detailed the Telemark's schedule. I will try to resume it:

(Ida factor maybe delay 4/5 days everything IMO)

a) Titan in position by today or tomorrow Sunday.
b) Installation: "15 days", done by Nov 23.
c) Get ready the Titan to drill: "30 to 40 days"
d) Titan ready to drill: late Dec. to Jan 15 (2 weeks buffer).

AT 63,4 Schedule:

a) Early Dec (he says also "Dec 1") Ocean Victory return to AT 63 to reenter (it is already totally drilled) and complete the well.
b) "It is a 60 days well"
c) Ocean Victory finish AT 63,4 by "Feb 1".
d) Few works more to tight it to the pipeline.
e) AT 63 First production by March 1 to March 15 ("15 to 30 days" of production in Q1).

MC 941/3 Schedule

a) Jan 1 to Jan 15: start completion (from Titan platform)
b) April 1: First production "just after the first of the month", "3 weeks or a month after AT63,4".

MC 941/2 First production by July-August.

MC 942 First production by early 4 Qt.

So the announcements they can do in the followings weeks/months are:

a)Nov/Dec: Titan Installation done.
b)Dec: Ocean Victory reentering AT63,2
c)January: Titan ready to complete MC 941,3
d)February: Ocean Victory finish AT63,3 Completion.
e)March: MC 941,3 Complete.
f)March: AT63,3 First production.
g)April: MC 941,3 First production.

If everything comes close to schedule, what kind of momentum will be built?
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miletius

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Telemark Schedule
miletius 8-Nov-09 12:47 am  
 
I bought this stock at $8 because I believe i...
freeperson2... 8-Nov-09 08:25 am  
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ATP Oil & Gas Corp. (ATPG)

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