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.
PAX Price at posting:
11.0¢ Sentiment: Buy Disclosure: Held