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clock Created with Sketch. 25/03/23
04:59
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Originally posted by docmin24:
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Tim, this was the old 88 DW drilling update days imo and it's clearly evident that we now have a new direction taken by this company whilst under new MD imo and is the complete opposite to me after reading that terrible mixed messaging in this RNS.The KUP reservoir is a tertiary target and will be drilled subject to remaining time in the season – This means to me, PPP after 12 months and we had some delays getting rig on site, late CR and also had minor delays/issues whilst drilling to BOP stage and we are not sure if we can complete our drilling program imo?????The Company anticipates the primary and secondary target zones to be intersected within the next two weeks, before determining whether to drill ahead to the tertiary target and reaching permitted Total Depth (TD) of approximately 12,500 feet. A sophisticated, targeted wireline logging program is planned to be run after reaching TD The Company will provide further updates subsequent to Hickory-1 achieving TD “SUBSEQUENT” which Bill highlighted and I originally rushed over - meaning “coming after something in time; following: ”
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I can understand disappointment at fact that full drill plan may not be achieved but it is not NEW news, the ANN dated 27th Feb detail the possibility that the KUP target may not be drilled.
(20min delay)
