re: Ann: Blackwater Delivers Initial 2P Certi...
partial answer to my own question:
Blackwater CSG Field 2P Drilling Update ?C 8.7 metre permeable coal seam intersected
The initial 2P appraisal drilling program of the Blackwater CSG field consists of nine wells in the western shallower regions of the field. The results of the first three appraisal wells and adjacent core holes BW?\3 and BW?\4 located in the area have been submitted to MHA, Bow??s independent certifier. Bow has now drilled six of the nine well program with BWP?\7 reaching a depth of 453 metres and intersecting 17.8 metres of coal in the Rangal Coal Measures, the thickest encountered to date in the field. The top Rangal seam contained 8.7 metres of coal (more than double than elsewhere in the field) with initial analysis of testing indicating good permeability. Some permeability was also indicated in the next two Rangal seams. Wet weather in the area has hampered drilling with the rig unable to mobilize to BWP?\8, the next planned 2P appraisal well, until later this week.
so they have drilled 6/9 and only submitted the first three for analysis. I assume the other three will be submitted in the next couple of weeks for more 2P in Q2.
Hopefully the weather will clear up for the Norwich program to kick along. It really does sound encouraging with 28m of coal intersected.
BOW Price at posting:
$1.43 Sentiment: Buy Disclosure: Held