SPR spartan resources limited

They are going to start directional drilling in January for NN...

  1. 6,811 Posts.
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    They are going to start directional drilling in January for NN deeps which is a lot cheaper and quicker to drill a lot of deep holes. They are smarter than drilling a lot of individual deep holes which is expensive - you need to read their announcements more closely..

    Starting mining too early can be a big mistake if they have not completed enough drilling to properly understand the extend of the NN, WW and 4P and other potential deposits. You seem to want them to make the same mistake as the previous management who clearly started mining before they sufficiently understood the deposit and look what happened, they missed NN.! SPR management are executing a much better strategy and that is why the SP is now multiples of what it was a bit over 1 year ago.
 
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