EMR 1.04% $3.90 emerald resources nl

clarification needed, page-37

  1. 818 Posts.
    Busyboy: As stated in the announcement to the ASX dated 30 April, P&J has already allocated 2 Ingersol Rand drilling rigs to the entire project.

    Most production will intially be from shallow zones up to 3,500 feet. This will generate the initial revenue flow and as drilling progresses wells can be returned to for re-entry and zoning radius infill drilling to deeper targets.

    In the nearby Park City field in Kentucky, Austin Exploration are averaging 7 days to drill 1,200 feet targets.

    This is not what I think, it is what I know.
 
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