Pretty significant pivot.
Muds, data now hammers for drills.
From website:
MagHAMMER
The MagHAMMER follows on from successful deep hole field tests that we have carried out for the Oil and Gas industry. It is a unique Magnetic - DTH (Down The Hole) hammer, compatible with any rotary rig and designed to drill open holes in virtually any formation, hard or soft.
It can operate with any drilling fluid (including viscous bentonite solutions) so will be ideal for overburden, often without the need for casings. This system is not affected by ground water, so flooded formations are not a problem.
So now back into Oil and Gas sector?
IMD Price at posting:
$1.05 Sentiment: Hold Disclosure: Not Held
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