Ann: Drilling Commences on the Duhat Oil Prospect, page-12

re: Ann: Drilling Commences on the Duhat Oil ... Gents,

lets forget sandbagging one another and read the announcement.

the real worry about this hole is catching another drill train.

So they are drilling a pilot hole down to 230mtrs and then going to drill it out to size,before placing in casing.
Sounds normal except for the words ---pilot hole.

Sounds like a measure to ensure those shifting clays down the hole don't grab the bit and knacker another Duhat drill and place egg on managements face and shareholders pockets.

To me that adds a level of confidence that maybe they will get where they plan this time around and even 1M barrels will handsomely pay for all the effort up to now and then some.

Multiply that by any number 1-99,take your pick and we could be very happy chappies.After all we've just spending our share of $60m to access an extra 10MMBLS or so,compared to Duhat's $12m? all up after this hole,one way or another.
Its not as if there is NO OIL down there.It's just how much?

DYOR+DYODD