The Sugar Valley-1 well was originally planned to be drilled in April 2010, under a deal that would have seen Yarras Texas, a wholly-owned subsidiary of Golden Gate Petroleum, pay 20% of drilling costs to earn an 18% stake in the prospect.
But the prospect was delayed, first by inclement weather, then in delays in finalising agreements with landholders before additional delays in securing a rig for the well.
Last
