Drillig "imminent" was announced to market (just after close on Friday"
Did anyone read that interview"On the Way to an oil and GAs Major" from www.rohstoff-spiegel.de from 28Jun?
Someone was asking about drilling depths on the weekend. This was in the article.
Q. "At which depth are these reserves situated and could these be developed economically?"
A. There will be several generations of drill campaigns at several depths at the Amadeus Basin. First we will focus to a depth of 2,000 to 2,500 meters. In approximately 3 to 6 years we will survey deeper sediments up to 5,000 meters and in 10 to 15 years up to more than 5,000 meters. Extraction from the lastmentioned depths can be economic – depending on market prices and costs. In the United States you can find economic production from depths of 6,000 to 7,000 meters and deeper."
Good luck to holders. Fun times ahead.
CTP Price at posting:
0.0¢ Sentiment: None Disclosure: Held
