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20/04/18
09:18
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Originally posted by rexsh
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Investing,
It is a long way from ideal, I very much agree.
Everyone would have liked this to go smoothly under the original plan, and trouble free. But by taking a side track (Whipstock), a minor adjustment of angle, and a very slight horizontal depth difference into a more structurally solid formation, does not suggest this well is a write-off.
Think about the down-hole differences. The well diagram in yesterdays announcement is hard to analyse against the reality because the PC screen isn't big enough to adjust for the well length. We are talking about maybe 20-25 metres lower than the previous horizontal, which is a very small percentage of the total depth of the coal seams.
Believe me these guys know what they are doing. They are drilling a worlds first well and doing the best they can to get the best result. It is high risk and high/no reward.
It is as simple as that.
But I go back to my previous comment. If its too hot in the kitchen
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Lol how much has your kitchen cost you so far? Like i said I'll wait for someone who has a clue