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IPB Petroleum Limited, Handover of Pryderi-1 Drill Rig Scheduled for 17 October

IPB Petroleum is pleased to advise that the WA-424-P Joint Venture (IPB 75%, CalEnergy 25% and Operator) have received notice from the rig contractor that the estimated commencement date for the Pryderi-1 rig contract is 17 October, 2014.
Subject to current operations at the Puffin field (located approximately 120 km north of WA-424-P), and based on the estimated mobilisation date, IPB Petroleum estimates that the Stena Clyde semi-submersible rig will arrive at the Pryderi-1 well location on or around the 19 October, 2014.
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