CEL 0.00% 5.5¢ challenger gold limited

Interested to read about what Robert Willes, Challenger's MD...

  1. 241 Posts.
    Interested to read about what Robert Willes, Challenger's MD says will happen once exploration rights are granted.


    Once an exploration right was granted, Challenger’s technical plan would be to start with studies, which could include reprocessing the vintage seismic data.
    “This would likely be followed by drilling a limited number of simple core holes prior to drilling [and] completing and fracture-stimulating a vertical well in order to assess the flow characteristics of the different shale horizons,” he explained.
    The targeted well would likely be drilled a year after securing the exploration rights, owing to the initial work required to select a suitable site, the various approvals that might be required and the need to reach agreement with any affected landowners.
    “Significant investment is required along the way of course, but with an application pending for around one-million acres surrounding a well in which gas flowed to surface, the starting position looks very interesting,” Willes noted
    http://www.miningweekly.com/article/challenger-seeks-partner-for-sa-shale-play-2014-07-07
 
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