They were drilling (when shallower) at 200 foot per day. I would imagine this will be much slower at depth as rosks tend to get harder at depth. I think assuming 4 foot per hour (100 foot per day) is likely closer to the drilling rate.
Either way they should have been drilling for at least 10 hours now ("drill on within 24hrs" at lunchtime yesterday), so should be within 10-20 foot if not already into the top of leadville. IF they have had gas shows already though are yet to fully characterise these (ie drill to the bottom of gas shows to determine depth, and hence report the find) then they would be obliged to issue a trading halt (once friends etc have bought/sold of course) as news would almost certainly leak with the possibility of a one month 4 baggerm.
Add to My Watchlist
What is My Watchlist?