Really dumb question and others can please correct me.
One of the hold ups in drilling holes in the Perth basin would appear to be the booking of the drilling rig. I understand you need approvals first.
If in fact a reason for the major time delay is the availability of a drilling rig, why do we not just buy or build one. We have lots of holes we want to drill, I assume so do others. I know strike does. If we are not using it we could surely rent it out. When we are finished with it we could sell it.
It just appears to me there is a very long wait until we can drill a hole.
Please correct me !!!
thanks
TPD Price at posting:
14.0¢ Sentiment: Hold Disclosure: Held
