Mbelele-1 took ~5 days to reach TD at TVD of 400m, and another 5 days to complete wireline operations and assess results, for a total of 10 days.
It will have been 11 days on Monday since spud of Mbelele-2.
So potentially we have intersected the Upper and Middle lake beds and begun wireline logging of those reservoirs over the weekend, and assuming an extra 1-2 days of drilling as these same reservoirs are 100m down-dip of the M1 location.
Ann tomorrow or tuesday? I hope the air contamination is a one off issue and they can declare a discovery asap from M2, if it has the goods.
NHE Price at posting:
19.0¢ Sentiment: Hold Disclosure: Held
