The delay in drilling was mentioned in the quarterly report, which was released on Monday.
"The drilling pad has been completed and the rig is being assembled on the pad. Rigorous inspections of the rig has discovered minor defects which are being rectified. Spudding of the well will occur thereafter." Page 8 of CTP report.
This kind of repairs can be apparent when sophisticated equipment is transported over long distances. It can be exacerbated when the road network is not your typical bitumen highway.
I am confident that shareholders will hear from the Company when the well is underway.
Patience. AL
CTP Price at posting:
15.0¢ Sentiment: Buy Disclosure: Held
