I noticed that to Alvin. It doesnt look like the most powerful rig geting around.
In mangements defence though it is a 'man' transportable rig as there are no roads or tracks into the area at this stage. Once they have completed this recon drilling I believe they will build some tracks into the areas of importance so they can get a more serious rig on the job.
Very early days. The location of pad 4 illustrates they are finding out more about the Guchab area all the time. Imo they would have gone to pad 4 location after pad 1 if they knew it existed. Pad 4, due to old workings gives them a much better idea about the orientation of the fault than what they would have at pad 2, allowing for more targeted drilling.
SBR Price at posting:
16.5¢ Sentiment: Buy Disclosure: Held
