RNE 16.7% 0.5¢ renu energy limited

gdy 105 million jv origin energy, page-104

  1. 1,843 Posts.
    The next three months are an official pun amnesty - you're you're not in hot water yet, NS.

    From the 3 or so words I managed to extract from Mr Grove-White this afternoon, it appears GDY did only start drilling late last Saturday (i.e the 17th), so the ~300m drilled took only 3 days. The sediment horizons are as hard as they will encounter before reaching granite, when pressure management will exacerbate the drilling difficulties and lower rates further.

    100m per day is very encouraging, though occurred without any casing activities (which will lower total velocity).

    It looks increasingly likely that HAB3 will be finished by the end of December, with flow testing likely to commence before the excercise date of the GDYO.
 
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