Yes the loss of drilling fluids and the use of the patch up drilling fluids indicsted in the SONRIS comment for 16th March obviously pointed to a problem spot in the well.
The latest SONRIS comment indicates slow depth progress but success in getting through the problem :
Which is fairly straightforward in its interpretation I think. So it is the report up to the 23rd March (03/23/2009) The well is being drilled (status 05) and has reached 12,341 feet. Dealt with loss of circulation (drilling fluids), heal = fixed(?)hole and reamed out (bored a bit larger again after glugging up the well) Then drilled from 12,339 feet through to 12,341 feet. Then began running in a 7 and 5/8th inch liner into that section of the well.
Does that sound like a fair translation of the scout report ? Hopefully by the report for the 30th March we will see some more depth progress as it drills ahead during this week. Slowly but surely as we say.
GGP Price at posting:
6.9¢ Sentiment: Hold Disclosure: Not Held