While the issue apparently concerned only a minor pump and is now fixed, operators have been more stringent before accepting drilling rigs after the two blowouts experienced by Origin Energy and Century Drilling in the last two years.
The spud date has now been rescheduled to early August with the Connolly structure considered large enough to hold potential recoverable reserves of 26 million barrels of oil.
Oilex will operate the well after reaching a farmout agreement with Roma under which Roma will contribute $100,000 to the drilling operation and retain a 45% interest and a 3.95% royalty in the Authority to Prospect.
