BCC / BCCO - happy to see drilling rig and crew onsite now from Haliburton. I'd hate to be the guy who sold BCCO at 8.3c now!!
Should see a steady flow of update start soon, much the same as VIL / GGP did, which sparked large % gauins on each positive piece
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Buccaneer Energy Limited (Buccaneer or the Company) is pleased to provide the following operational update.
All equipment and personnel have been mobilised to the Lee County Vick # 1 location to commence Phase 2 of the drilling operations. Deepening operations into the anticipated pay zones are expected to commence in the next 12 hours.
Phase 2 of the Lee County Vick # 1 drilling operations is the utilisation of a coiled tubing unit to deepen the well through the Austin Chalk, Buda and Eagleford Formations.
These are the anticipated oil and gas pay zones for this well. The final target depth will be approximately 6200 feet.
