The swabbing operation has reached its maximum planned operational swab depth of 2,600metres. With the necessary data obtained working at this depth, swabbing operations were ceased on 10 December 2012 and the well shut in to monitor the pressure build up characteristics of this zone following on from this period of maximum pressure draw down. The forward plan will be to mobilise back to location early in the New Year to recommence operations on the well, complete evaluation of the Kockatea formation and move on to evaluate the next zone being the Carynginia formation. To minimize costs all equipment is currently being demobilized and the required equipment for ongoing operations will be returned to site early January when evaluation operations resume. It is expected that Kockatea operations will continue until mid/late January 13.
Ok, when they say opeartions will continue until 13th Jan, does this mean that is when its complete.
So they could be back Jan 3rd ?
NWE Price at posting:
5.5¢ Sentiment: Buy Disclosure: Held