Otto Update Santa Rosa
Argentina – Santa Rosa License
Preparations continue at well site. The Operator, Oromin, advised that final
governmental approvals for drilling are now underway so that the mobilization of
the San Antonio P1 drilling rig can commence this week. Spudding of the first
exploration well is expected to occur in July 2009.
Name of well Santa Rosa
Spud date TBA
Depth of well ~1,200m
OEL beneficial interest 32.5%
COMPANY OFFICERS
Rick Crabb Chairman
Jaap Poll Non exec Dir
Ian Macliver Non exec Dir
Rufino Bomasang Non exec Dir
Does anyone else know how many approval oromin needs for pulling the oil out of the ground? Seems to me Argentina needs to be paid at every phase. Keeping fingers crossed
Doublem2