KEN 0.00% 1.3¢ kuth energy limited

Thanks for the feedback from the AGM Juke. Always nice to get a...

  1. 1,912 Posts.
    Thanks for the feedback from the AGM Juke. Always nice to get a feel of the people and sentiment behind the numbers and announcements.

    "There was some talk of using a new drilling rig with special bits that penetrate faster than for any normal mineral drilling. This later turned out to be from Globe in WA. After all the experimental work done by other geotherms I cant help but be a little sceptical of any magic bits."

    I saw some discussion of potential for cheaper drilling solutions mentioned by Kuth's David McDonald and CoreTracks's Warren Strange on GeoT Roundtable last month:

    http://www.brr.com.au/event/68560/major-trends--opportunities-for-the-geothermal-industry

    (see 2nd half)

    I see on the Coretrack (CKK) website that they appear to have acquired Globe Drill in Feb 2010:

    http://www.coretrack.com.au/about-us/history

    Also more info on Globe and WS:
    http://globedrill.com.au/about-us/history

    From the roundtable discussion - The mobility of the rig would appear to be a benefit. DMcD seems to support these comments. Also possibility for air hammer being used before switching to pressured/mud drilling as further advantage? Interersted in anyone's further knowledge or comments on this drilling tech...
 
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