The accelerated development well which spudded on 7 October is targeting the highest of three sands intersected by the #G2 well earlier this year. The target is at a depth of 2002 metres some 383 metres higher than the #G2 well.
The latter took 14 days to drill so I would think the #G3 well will take around the same time. So we won't have a result until early next week is my guess, or Friday this week at the very earliest.
The advantage of drilling this well is not only does it increase production and therefore revenues at a time of high nat gas prices but it also enables the company to interesect the sands at an the optimal point to produce from the reservoir sand.
I assume the second accelerated development well,I think form memory it it #G7, will presumably be drilled immediately following the current well.
Wonder if we will hear anything about those onshore wells this week?
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