TSV 0.00% 0.8¢ transerv energy limited

warro project - latent not deterred, page-7

  1. 4,735 Posts.
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    IMO arrival of the rig and a timetable for spud is price sensitive.
    Weatherfords, the company doing the drill, was also contracted by GDN for a 5020m well in Utah.
    From memory that well took over 4 months(sharemadder will know), but was beset with problems.
    GDN are about to drill a second well of similar depth and have pencilled in 90 days to complete the drill.
    TSV is shallower so we can say 90 days and be somewhere near it.
    Hopefully the gas will show at shallower levels than that so we may have some news after 20-30days.
 
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