PTR 5.56% 1.7¢ petratherm ltd

rig selection, page-3

  1. 13,963 Posts.
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    Neither mining, nor O&G companies "generally" own their own rigs - for very good reason.

    I doubt there is a justification for PTR to own it's own rig, and therefore I doubt very much that it will go down that path - management too good to do dumb things.

    Very different (and expensive) story for GDY who are drilling beyond the conventional realm, into solid highly overpressured granite 5 km deep. They NEED their own rig.

    EL
 
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