Believe, the original Daily Update dated 15th Jan shows the log and suspend part of the hole well into the Tirrawarra Sandstone at approximately 785m.
The latest update today shows the hole depth at approx 862m and still in the Purni formation having intersected 51m of coal to date, well above the prognosed value of 20 - 30m.
Clearly, the original prognosis for this hole was wrong.
From where I sit, it would be prudent for CTP to go to the end of the Purni formation to log any further coal seams and to determine the exact depth of the formation leading into the Tirrawarra Sandstone. This information would be very important I believe in delineating the extent of total coal estimation at the end of the 5 well drill program.
I would like to think there is some much more exciting reason for continuing with the drilling, but the above to me is the most likely scenario. Hope I am wrong.
What puzzles me is the previous Daily Update which had what was apparently incorrect information (coal intercepts). What happened there?!
LL
Believe, the original Daily Update dated 15th Jan shows the log...
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