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Iona Energy Inc. Message Board

  • smarter_of_moron_idiot_imbecile smarter_of_moron_idiot_imbecile Mar 16, 2013 5:54 PM Flag

    Taken from a post on Stockhouse: From Premier's latest presentation

    According to Premier's Investor Presentation dated March 8th:

    • Development drilling completed in August

    – To schedule and on budget

    – Better than expected well results

    – Debottlenecking study underway

    • FPSO arrived on location on 3 October

    – All of the five risers have been installed

    – System testing and commissioning underway

    • First oil anticipated before end of 1Q 2013 with the field

    expected to produce 25 kbopd after a ramp-up period.

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