Drilling commencing in the next few days...Moving forward now and all the doom and gloom merchants can take a deep breathe and relax a little and let management get on with the job of proving up these coal seams in China!
"Triple Energy Limited (ASX: TNP, “Company”) advises that, further to the Company’s announcement on 16 May 2013, drilling pad access problems have now been resolved and all drilling equipment including the drilling unit are in the process of being mobilised to the site of the first well. Because of heavy rain, it was necessary to purchase steel plate to lay down on the pad for the rig and other equipment to manoeuver on the drilling pad. This solution has been successful. Drilling operations including the health and safety induction procedures are expected to commence in the next few days. As previously advised, the well is expected to take around 20 days to drill to total Depth of around 900 metres with testing procedures taking around another 10 days."
On target for late June results.....
TNP Price at posting:
2.0¢ Sentiment: Buy Disclosure: Held
