This PetroWatch article was posted Mar. 23, with next update due April 6th. According to Petrowatch article :
10-GSPC sets 28th March TD deadline for third KG well
Gujarat Petroleum hopes to reach Target Depth by (Monday) 28th March at its third exploration well at KG-OSN-2001/3 offshore Krishna Godavari.
11-Third KG-OSN-2001/3 well could be lucky for GSPC
There was much gloom within GSPC when the first two wells at KG-OSN-2003/1 turned up dry holes.
12-Reliance wants to hold on to entire KG-DWN-98/3
Gujarat Petroleum�s block (reported above) sits in the vicinity of Reliance�s massive gas discovery at KG-DWN-98/3, where ministry officials face a peculiar problem.
If they are on target to hit their target depth by today, why aren't we seeing more activity on the stock? Being that close to TD they should have a good idea of what they hit on the way down ( gas zones etc.) Things just seem a little too quiet considering how close they are to their TD. I have to think things have got to break one way or another soon, no stock stays in limbo indefinitely.
nvseal: Gold colored liquid seen oozing out of bore hole.
Locals say it could be developed as a sacred site which will draw pilgrims in large nos. Th Drilling Co.is considering pulling out the drill string and handing it over to the locals for payment of $100m which they will negotiate for.
As they say in the buisness there no fool like oil fuool.!