"The Overston 2 well site has been carefully selected using the recently acquired 3D seismic data. This well is being drilled with nitrogern/air and is targeted at the Showgrounds and Tinowon Sandfstones.
Although the drilling program has been slightly delayed the good news is that the rain has stopped sufficiently for us to commence preparation out at the Overston 2 site and we are pleased to announce that the area has been cleared and the Century 18 rig is currently being assembled at the site.
Overston 2...is scheduled to spud early next week and have an approximate drilling period of three weeks to reach a total depth of ~3000 meters."
Overston has been estimated to contain 137 billion cubic feet of gas !!!!
SHG Price at posting:
0.0¢ Sentiment: ST Buy Disclosure: Held
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