CP, the 2011 drilling program had been planned to commence in late April 2011 (only three weeks ago). It includes a budgeted 11 Coal Seam Gas core wells and 10 Shale Gas core wells (i.e. 21 core wells in total) which are intended to form the basis of design for appraisal and reserve development in 2012. Exoma have Atlas Rig #1 contractesd on site, but was planning to secure a second rig to complement and accelerate the drilling program set out for that rig. I don't know if this second rig has been secured. Drilling for gas is, of course, not at all like drilling for metals, and would take more than three weeks, I presume. So yes, with gas patience is required.
EXE Price at posting:
16.0¢ Sentiment: Hold Disclosure: Held
