You're right spid. My apologies for the misunderstanding.............from 15th Feb operations update.
Since being commissioned in August
2015
the
Company’s
T400THD Drilling Rig
has been in continual
operation
. It has become necessary for a maintenance break to be undertaken. During this period the drill
rig will be
re-powered with a larger
, single
125
kw Cummins diesel engine
having
been
purchased during
2016. Equipping the drill rig with the larger engine will enable deeper exploration holes to be completed in
future programs
in a quicker time frame
. All of these works will realise an increase in productivity of the rig
and reduce production decision times.
The work will require approximately six weeks to complete.
FGR Price at posting:
10.5¢ Sentiment: Hold Disclosure: Held
