HDR hardman resources limited

dana announcement ?, page-24

  1. 618
    3,187 Posts.
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    re: another geos' explanation... A bit more from PortEllen on the likely timing of things to come...

    http://boards.fool.co.uk/Message.asp?mid=9701699

    They will stabalise the well, pull out of the hole and run wireline logs to determine what they have, there will be an extensive logging programme especially if they are takin samples. Look at anything between 3-7 days to do all of this. Depending on what the state of the hole is they may elect to do what is called a "wiper trip", basically this cleans the well prior to running and setting the casing, makes it easier to get the casing in the hole without sticking on its way down. So add another couple of days for this and then BOP testing and drilling out and taking a test to ensure the rock is strong enough to drill the rest of the reservoir.

    The timeline you are looking at is about 10 days minimum before they start to drill again, but if the discovery is good then they may release another RNS just before they set casing and drill ahead. Looking at 14 days before they set the next casing and we get more details.


    HTH...

    618
 
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