IPB Petroleum advises that the WA-424-P Joint Venture (IPB 75%, CalEnergy 25% and Operator) has received an update from its drilling contractor that the estimated commencement date for the Pryderi-1 rig contract is now due late October to early November 2014.

Due to a projected extension in current rig operations at the Puffin field (located north of WA-424-P), IPB Petroleum now estimates that the Stena Clyde semi-submersible rig will begin mobilization to the Pryderi-1 well location late October to early November 2014.
Unless the schedule changes materially over the coming 1 - 2 weeks, IPB will next update shareholders in relation to the Pryderi-1 well at the time of the rig handover.

Tags: IPB Petroleum