Last time Para#1 which was drilled by DHS drill rig 12 (owned by Delta Petroleum) took considerable time to get to 9000 feet, which also included a huge delay whilst undertaking major repairs to the rig.
Para#1 23/05/06...Spud 04/07/06...Suspended at 2055 mtrs 6741 feet RIG OVERHAULED DUE TO MECHANICAL FAILURES 15/08/06...Recommence drilling 18/09/06...Reached 2758 mtrs 9050 feet
75 days drilling when u take out the Rig failure.
I hope the Unit Driiling Rig is in better shape for Para#2.
So in any case probably no sniff of hydrocarbons for some time yet...maybe 60 days or more.
Any comments from drillers welcomed on drill rig abilities.
Cheers
GDN Price at posting:
5.6¢ Sentiment: Buy Disclosure: Held