re: Ann: Boardroom Radio Interview - Duhat Dr... Plenty of examples of drilling through shallow high pressure artesian aquifers to access deeper formations e.g. Arckaringa basin through the GAB beds. My guess is that the limestone was where they had previously had indications of oil / gas and that the real issue here is a lack of prospectivity.
Drill a hole, take a kick, increase mud weight, drill on, cement it behind pipe, go again.
This isn't a deep hole. Given the issues with the first 2 wells, shareholders should ask why their money was used to purchase an increased stake in this lease if the Company doesn't have the experience to operate and execute this program.
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