Yes this time it's different.
The suspension plug is set in the casing near the top of the hole. In Hab-2 it was set OK but there were problems when it came to later unsetting it and in the process it slipped to the bottom of the hole. It was left there when the initial circulation tests were conducted but it's presence impeded the flow, possibly due to spalled debris bridgeing off below it. Subsequent events to drill a new sidetrack hole were expensive and the program was abandoned. Hence the new plan to drill Hab-3 with a bigger rig, drill pipe etc.
An un-unset bridge plug is retrievable. But it is not really the same problem as last time.
By the way the presence of the slotted liner is a blessing.
It's ID is less then the diameter of the plug so if the plug does drop (heaven forbid) it can't fall into the open hole section like last time
It bit of a blow never the less.
I hold Shares and Ops, but am sufficiently confident to exercise my ops. I will be writing out a cheque tonight to and posting it in one of those "next day" express envelopes.
- Forums
- ASX - By Stock
- RNE
- weekly report
weekly report, page-8
Featured News
Add RNE (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $1.727M |
Open | High | Low | Value | Volume |
0.1¢ | 0.1¢ | 0.1¢ | $2.603K | 2.603M |
Featured News
RNE (ASX) Chart |
The Watchlist
BTH
BIGTINCAN HOLDINGS LIMITED
David Keane, Co-Founder & CEO
David Keane
Co-Founder & CEO
Previous Video
Next Video
SPONSORED BY The Market Online