Spoken to some of the chaps over at Honeywell this morning the whisper is that SEY are behind their time line at the Sangaw drill after encountering problems with their rig/drill.
Apparently there was an update due when the drill had hit 1800 metres timed to be released with their 2009 annual report. Looks to me reading from the sp fluctuations over the last week that problems are being encountered.
News from the Sangaw north update should be positive given the history of the area and the seismic. Here’s hoping.
Update from Sangaw is well overdue could come any day.