Front Puffin FPSO Connected to Mooring Riser System
Installation of the subsea systems is now complete. Hydro testing of the subsea system and the controls is presently underway. Initial testing results has identified that a seal and a connector require replacement. The diving vessel is presently on route to Darwin to change over the diving crew and to restock supplies. Upon its return to the field the remedial work is expected to take approximately one week. Accordingly AED is on track for First Oil around the end of this month.
Further to the ASX Release on 6 September 2007 David Dix (Executive Chairman) and related entities has exercised 18,163,192 options in AED and Ken Tregonning (Managing Director) and related entities has exercised 13,703,290 options in the Company.
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