Steve9000
TTE are drilling DR11 now because they had to. use it or lose it.
They dont have much money. So what is best way to do this?
A relatively inexpensive/simple vertical drill targeting known or expected gas that hopefully satisfies WA dept mines.
The targeted strata are "proven cadda Formation and Cattamarra Coal measures"
It is highly likely they will be able to get gas to surface. The other criteria is establishing some sort of contingent reserve. This is where all the core samples and downhole data acquisition tools will come in.
Going to Arrowsmith depth was not necessary, afforadable or planned for at this stage.
So:
gas to surface + even a modest reserve assessment = keep the tenement. = sp increase as we will then have one hot property.
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Steve9000TTE are drilling DR11 now because they had to. use it...
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