PPP pan pacific petroleum nl
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latest lolotoe update out

  1. Sentia717
    8,262 Posts.
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    14/01/10
    11:36
    Post #: 6200532
    Latest update about progress at Lolotoe-1 shows that Oilex have managed to get the sidetrack completed down successfully back to 3,770 metres.

    They are presently (14 Jan) running 9and 5/8" casing.

    Once that is set in place then they will drill ahead to the primary objective and total depth of about 3,985 metres.

    So they have a total of about 220 metres to drill.

    Therefore they should have reached TD by about this weekend if not sooner. Maybe tomorrow if things went really quickly. Otherwise we will have to see what Monday brings.
    PPP Price at posting: 42.0¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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