geojac,
just a couple of comments, your guesses are as good as anyones right now. The rig they would have in mind I imagine would be similar to what they used before, ie quite capable.
They basically have 2 options, one is to re-enter the current well and drill another side track, the last time they did that it took 20 something days, or they drill a new hole, say 12 1/4" to just inside the granite, set 9 5/8 in casing (thats OD, about 8.6" ID), and drill an 8 1/2" hole. It will cost a lot more but the risks are a lot less.
The cash burn rate must slow down considerably now, as the last drilling operation I guess was about 75-100k per day.
- Forums
- ASX - By Stock
- RNE
- what happens now.
what happens now., page-10
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add RNE (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $1.815M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1000000 | 0.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.2¢ | 953000 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1000000 | 0.003 |
28 | 18717064 | 0.002 |
22 | 33291023 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.002 | 3000 | 1 |
0.003 | 8126779 | 11 |
0.004 | 4247243 | 7 |
0.005 | 1210000 | 3 |
0.007 | 4981088 | 4 |
Last trade - 16.12pm 30/08/2024 (20 minute delay) ? |
Featured News
RNE (ASX) Chart |
Day chart unavailable
The Watchlist
CCO
THE CALMER CO INTERNATIONAL LIMITED
Anthony Noble, MD & CEO
Anthony Noble
MD & CEO
Previous Video
Next Video
SPONSORED BY The Market Online