CBM93001 reached TD at 1265m, as I had anticipated they took a kick, as in formation water (which is normal) thats probably coming from these thick coals along with the gas seeping thro'. Hence the increase in mud density to balance the flow. Drillings over & logging to start soon.
Coal looks good as we already know. Run wireline logs & then run 4" tubing for a future producer. All good for future production IMO.
Next stop is Simpson, in hopefully 8 days time, thats factoring the time it will take for completion, rig move & rig up.
cheers.
CTP Price at posting:
12.4¢ Sentiment: Buy Disclosure: Held
