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1.1¢ aj lucas group limited

It is not all about going round and round, down and down.[ATTACH]

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mick001

503 Posts.

27

07/09/17

18:52

Post #: 27071091
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Originally posted by Quiono ↑

Drilling started at Bowland on the 18th of August 2017. According to that announcement it will be completed in Q1 2018.
If you assume a VERY conservative rate of 50 Metres per day, the target depth of 3500 metres should be reached by end October. You could drill at that rate using Smirfs and a pickaxe.

Can someone with a little more practical knowledge please tell me why a "Premier Horizontal drilling Company" is giving themselves to the end of March next year to do this? I know they are sampling and Fracking, but it seems like a very loose time frame.

I have great expectations of the assets that AJL own, but the progress (now we have cleared the regulatory hurdles) seems to be glacially slow.

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It is not all about going round and round, down and down.

AJL Price at posting: 24.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 1.1¢		Change 0.000(0.00%)		Mkt cap ! $15.13M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
3	672633	1.1¢

Sellers (Offers)

Price($)	Vol.	No.
1.2¢	1446148	4

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No.	Vol.	Price($)
3	672633	0.011
11	2479099	0.010
5	1200099	0.009
3	800000	0.008
2	220000	0.007

Price($)	Vol.	No.
0.012	1446148	4
0.013	878773	7
0.014	268857	4
0.015	250000	2
0.016	79432	1

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