PAX 0.00% 1.2¢ panax geothermal limited

the game's afoot!

  1. 1,912 Posts.
    Drilling depth targetted 4,000m but may be shallower depending on results.

    Spudded in the evening of 31 Jan
    Drilling to 9 Feb (= now 9 days of 24 hour drilling?).
    Drilled and cased 24in section to 500m
    Now drilling 17.5in section to 1184m.

    Simple linear extrapolation: 1184/9 = 131.55m per day = around 30 days to full target depth?

    From memory PTR started off with low 30's m per day.

    Interested to hear your thoughts Juke. While to a non-engineer like myself, a smaller diameter should mean a faster rate, I believe you previously made the comment that the rate normally slows at further depth???

    Looks like they're setting a cracking pace to me.
 
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