There is also a news item about XEL contracting for a Jack up rig, that is currently under construction.

Some good information in there and the company maintains that they will be on track and budget for end of November. They are moving this forward as quick as they can.

Target dates for early production is 4th quarter of 2011. They will drill 6 production wells.

There is some financing info in the news release which shows the need for US$ 60 million. The SEDA goves them 40m pounds (about 65 million canadian). They have used some already, so maybe they will need another financing to cover the the rest, but not until they have the share price much higher.

Looks good. My derisk sell price was at 3.55. I have since sold some today at 4.55, I am now risk free 100% and will now watch this one go.

Andy