CTP 1.96% 5.0¢ central petroleum limited

"I'm just curious, once spudding begins next Saturday at O2, how...

  1. 494 Posts.
    "I'm just curious, once spudding begins next Saturday at O2, how long will we be waiting for an indication to see if the drilling will be a success or not"

    there was some info about the drilling technique being used mentioned in this BRR inteview:

    http://www.brr.com.au/event/64443/central-petroleum-exploration-update

    Roughly 60% through the interview JH mentions they are using a hammer drill instead of a tri-cone drill bit which should give a 5 to 10 times increase in drilling speed. They are also drilling on a 40 degree angle to maximise the chances of intercepting vertical fractures.

    So hopefully we should get results fairly soon.
 
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