1. Most Discussed
  2. Gainers & Losers
HDR 0.0¢

Chinguetti-4-2 drilling time

  1. zacharia

    128 Posts.

    Just looked back at last year’s drilling reports on Chinguetti-1. That well took 38 days to reach TD, including a full 3 weeks spent on fixing problems with drilling equipment (blow out preventers). The time needed for actually drilling and running casing was only 17 days.

    Even allowing for some extra time if they case right down to reservoir, Chinguetti-4-2 ought to be in the target zone within 3 weeks. Not too long to hold your collective breath! I assume the 30-odd days referred to in the HDR announcement is conservative and also allows for the full logging / coring / testing programme that will be run if the well hits pay.

Before making any financial decisions based on what you read, always consult an advisor or expert.

The HotCopper website is operated by Report Card Pty Ltd. Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, you should before acting on the information or advice, consider the appropriateness of the information or advice in relation to your objectives, financial situation or needs. Please be aware that any information posted on this site should not be considered to be financial product advice.

From time to time comments aimed at manipulating other investors may appear on these forums. Posters may post overly optimistic or pessimistic comments on particular stocks, in an attempt to influence other investors. It is not possible for management to moderate all posts so some misleading and inaccurate posts may still appear on these forums. If you do have serious concerns with a post or posts you should report a Terms of Use Violation (TOU) on the link above. Unless specifically stated persons posting on this site are NOT investment advisors and do NOT hold the necessary licence, or have any formal training, to give investment advice.


Thank you for visiting HotCopper

We have detected that you are running ad blocking software.

HotCopper relies on revenue generated from advertisers. Kindly disable your ad blocking software to return to the HotCopper website.

I understand, I have disabled my ad blocker. Let me in!

Need help? Click here for support.