Good points Infino, the only comment I have is in relation to your forecast of time which is based on and average from the progress made to date. I point out that it is more usual for top hole sections of deep wells to take more time to drill which is a function of the large hole sizes and slower rates of penetration. Drillers maximise the efficiency where the well has most section to be drilled and they plan for this in the more optimal hole sizes which are smaller in diameter. Obviously its dependent on a number of factors but a straight line correlation of time v depth is very unusual. That said, there can always be complications which delay but I think the 75 days still to go is too conservative using that approach. No doubt we will get a read once the Cretaceous has been drilled through and announced, then we have a depth and approximate time taken at that point.
All the best
- Forums
- ASX - By Stock
- HHR
- MZ-1
MZ-1, page-12
-
- There are more pages in this discussion • 7 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 HHR (ASX) to my watchlist
|
|||||
Last
0.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $18.25M |
Open | High | Low | Value | Volume |
0.7¢ | 0.7¢ | 0.6¢ | $8.778K | 1.438M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
9 | 10410172 | 0.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.7¢ | 7504209 | 12 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
8 | 9854284 | 0.006 |
47 | 14109053 | 0.005 |
11 | 5408333 | 0.004 |
4 | 4816666 | 0.003 |
5 | 5200000 | 0.002 |
Price($) | Vol. | No. |
---|---|---|
0.007 | 7504209 | 12 |
0.008 | 2812987 | 7 |
0.009 | 12050000 | 6 |
0.010 | 9623264 | 6 |
0.011 | 3643000 | 3 |
Last trade - 15.54pm 30/08/2024 (20 minute delay) ? |
Featured News
HHR (ASX) Chart |
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