GDN 0.00% 1.7¢ golden state resources limited

when would they restart drilling

  1. 1,585 Posts.
    The Company is proceeding with preparations to run casing from the casing hanger to the surface. The well will be cased at 7¡± to the surface to circumvent any risk resulting from damage to the 9¨ý¡± casing during the milling and recovery process.
    After cementing, running a bond log and conducting a BOP test, the well will drill on at 6¨û¡± into the major objective Leadville Limestone.

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    1. They were proceeding with preparations on the 28/3.
    2. They should have had all the equipments and materials on site since they had 4 months to prepare for it.
    3. At the time of this announcement, they have recovered all the lost pipes using washover pipe, therefore they don't need to spare any time to pull out the drill bit.
    4. Therefore 2 days would be more than enough to prepare the casing & cementing.
    5. casing and cementing takes 3~4 days (is this right?)
    6. Bond log and BOP test another 3~4 days at max?

    2 + 3~4 + 3~4 = 8~10 days should be a reasonable estimation if they are well prepared and nothing goes wrong.

    8~10 days from the last announcement is.... this Thursday, Friday and Saturday. I don't think drillers will go home in the middle of casing & cementing for the easter holiday but even if we take that into the account, the casing and cementing will be finished by the end of next week.

 
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