AKK 0.00% 0.3¢ austin exploration limited

by my calculations, page-28

  1. 476 Posts.
    Ahhh Deltra, ever the pessimist...

    Nothing will be announced until they hit target - This wont be reached until Monday evening / Tuesday evening (as they are in the US) - so we wont get anything until Tuesday morning / Wednesday morning.

    They announced on Tuesday morning they were at 10019 ft. I've calculated their drilling to be between 850 - 950 ft per day and they have to reach 13250 ft.

    Let's calculate:

    Assuming 900 ft per day (give or take)

    10919 - Wednesday morning
    11819 - Thursday morning
    12719 - Friday morning
    13619 - Saturday morning (US one day behind) i.e. target depth

    Sidetracking also needs to be done 600 - 800 ft, assuming no drilling is done on the weekend they will recommence on Monday evening which means we should get an announcement by Tuesday morning / Wednesday morning dependant on how long it takes to sidetrack and assuming there has been nothing slowing the drill down on the day-to-day calculation of 900ft per day.

 
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