T2H is being drilled in three distinct phases:1. A near-vertical...

T2H is being drilled in three distinct phases:
1. A near-vertical section drilled to 11,500 feet (~3,500m) under a turn-key (fixed price) contract totalling US$2.1m. This phase has now been completed.
2. A different rig (with top drive) on a day rate contract will be utilized to drill the horizontal 2,350 feet (700m) section, install and cement the production casing. This phase should take 2 to 3 weeks.
3. Following drilling of the horizontal section and demobilisation of the rig, a frac unit will be employed to undertake up to six fracs in the horizontal section. The well will then be brought on production and generate wet gas and condensate sales. This will be facilitated by the proximity to the well of hydrocarbon sales and distribution infrastructure. This phase should take a further 2 to 3 weeks.

From the announcment