On September 6th, the Company entered into a contract with IROilRigs Int`l Ltd. of Hong Kong to supply a drilling rig for the required drilling program at Mnazi Bay, Tanzania. The American made Ideco (1500 horse power) rig will be mobilized to the well site in Mnazi Bay during October and November with an expected spud date in early December. The rig will include a top-drive unit and will be operated by Canadian crews. The drilling contract will allow the Company to complete its expected five well drilling program.
The full report with tables can be downloaded from the following link:
