Well I think by market open on monday they should have drilled to the colypso target.From the last ann they drilled ahead 40m to 2976m the calypso target is bettween 3200m and 3300m so lets just say 3250m.That means they only have to drill anouther 274m and say they started drilling lunch time today that gives them 60 hours before the market opens = a drill rate of 4.56m an hour. I know they will take it slow with a 9" drill rod but one would think 4.5m an hour would be possible. So if we have no ann on monday that could indcate one of two things a problem with the hole or no gas? Iam going with an announcement on monday but could somebody with a better understanding of drill rates please let me know if 4.5 m an hour is possible?
MEO Price at posting:
50.5¢ Sentiment: Hold Disclosure: Held
