This week we were pleased to announce that a jack-up drilling rig for the Buffalo-10 well has been selected, a significant milestone for the re-development of the Buffalo field.

We expect to take possession of the rig upon completion of its current drilling operations, planned to occur at the end of October this year.

The Buffalo field provides an excellent opportunity to quickly deliver a low-cost oil development that is poised to take advantage of the strengthening oil market and forecasted oil supply shortages caused by critical underinvestment in new projects.