Why is there such a lengthy in Drilling this new well, my email to Rob Arnnells
as follows :-
Dear Rob
the Yallourn Power-1 well
was spudded on December 20 2012
update on January 16 2013 gave total depth of 166 metres
update on February 18 2013 gave a total depth of 454 metres
you quote that it is expected to take 40 days to drill to a total depth of 1200 metres.
Clearly both the time frame or 40 days has elapsed to have only drilled less than half way to total depth.
No reason is given in delay as to the cause.
there is still some 700 metres to drill after some two months plus of drilling.
Please explain why to the market !. What is the hold up Bob ?
does the drilling company have the expertise to drill this well ?..
do you thing the investors are stupid or something ?.
what would Gina think of this ?.
she may well sell off her shares and pull out of LKO's.
Please explain
Bliss123
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