It is my understanding that this drill needs to bring some gas to surface. We need to prove there is something there.
If we can do that we then apply to have this 'reserve' changed to a 'location' which then gives us tenure well into the future.
So remembering this drill is only 1500 metres as opposed to the quite deep Arrowsmith 2 (3500 metres ?), expectations must be realistic for this drill. This well has the aim of keeping the tenement in TTE hands by showing there is gas present.
If we can do that and retain ownership, then DR 11 becomes one hot property for TTE, and you can bet the dancing partners will be lining up. Then you will see the sp react!
I'm eagerly awaiting results.
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It is my understanding that this drill needs to bring some gas...
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