The total cost to complete the well program including production testing is estimated to be US$59.8 million, with a total duration of 135 days (which is in line with the expected cost reported by Jacka on July 8). The estimated cost to date is approximately US$47.2 million and 110 days have passed since the rig arrived on location on 28 March.
so if you add 25 days(135-110) to 17th july you get 11 august
then today they said Preparations are continuing for a production test of the Abiod Formation fractured limestone reservoir. The current forecast is that the test will commence in the week beginning 5 August and may take 4-8 days in total.
JKA Price at posting:
14.1¢ Sentiment: LT Buy Disclosure: Held
