NEN 0.00% 22.0¢ neon capital ltd

timing of pd-2 and pd-3

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    Looking at the drill rate for PD-1 they covered about 697ft per day to the point the drill bit stuck. It all slowed down after that.

    If PD-2 were to have a trouble free run then it may take about 3 weeks to get to TD. Of course there will be core samples to take, casing, logs to run which will all add to the time. But perhaps 5-6 weeks would be reasonable. About 14-21 June.

    PD-3 will be a smaller rig so won't go as quickly but even so it could be done in 2 weeks from spud date.

    In the interim we should get more updates on PD-1 and sometime soon that elusive Vietnam announcement.
 
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