Since drilling commence on 27 April the ROP on this well has been an average of 147 metres per day at the depth of 6,614 metres reached as at 11 June. Planned total depth is 7,900 metres so there was 1286 metres to go to TD. As 12 days have now passed a TD announcement could come early this week. Some positive news of an oil column in the lower target would be most welcome and should help arrest the recent share price decline. An update on the maintenance situation and resumption of production at Bauna may also help if it isn't bad news.
Since drilling commence on 27 April the ROP on this well has...
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