No idea, but I guess they are averaging about 50m per day.
You need to remember though, my "guesstimated" depths are based on a wider formation at this level than represented by the seismic.
I put this down to the interference to the amplitude response due to the salt dome, which I have interpolated to the recorded intersections of the formations they have already encountered.
In effect, I have multiplied the error down to a new depth measure...I may be completely wrong in my assumptions?
It was pleasing however to see the reported gas shows did appear to correlate with my revised depth analysis.
I am sure they have re-calculated the depths themselves however, so might be having a bit of a chuckle at my little effort.
We are currently at 4,870m deep, but I notice GDN are still suggesting total depth will be at 4,967m...perhaps a little odd given where they appear to be relative to the current formation sequence and the previously suggested distance between formation targets?
Even the results table in today's announcement suggests the final target "Lynch dolomite" is expected at 4,999m, some 32m below suggested total depth?
Again, even from the pre-drill prospectus notes, Leadville was not even recommended as a pre-drill major target?
I sense a little confusion has developed since the initial prognosis...understandable given this is a wilcat well in a relatively undrilled location. Explains the possilbe "suck it and see" program of sorts at the moment?
Cheers!
GDN Price at posting:
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