welwitschia-1 drilling update, page-5

I just got clarification from Tower Resources in London that the casing has been set at a level of 1879m below sea level!

That means they must have drilled through the first two main targets already and the next main target will be the third one, the Albian carbonates, they are going to drill as soon as drilling got restarted.

(image taken from Tower's latest presentation)


So, Didier Lluch of Repsol made the following statement on Repsol's Investor's Day about the well:

"We’re chasing Cretaceous, upper Cretaceous turbidite, source rock, the typical Turonian or up-grain source rock, and if we get some success, or encouragement at least, we’ll go down and try to test also the Albian carbonate."

Jeremy Asher, Chairman of TRP said in the announcment that the well itself remains as exciting as ever.

So, I think here is hope and the market in London seems to have hope, too.

Cheers and have a good evening,
Neo