Just been looking back at the last Senex monthly report.
It took 12 days to drill Squire-1 to 2500M (15th-27th August) with this same rig & then they decided to carry out a drill stem test.
Martlet-1 spudded 24th August by 1st Sept was at 1154M, it reached TD on 9th September of 2096M & was announced as a discovery on 12 September. So it took 17 days to drill it.
So going by those timetables Hathi-1 should be at an interesting stage very soon, given that it took less than 2 days from the spud on 13th September to cover the first 689M (midnight 24th). They would likely have started drilling again on the 16th after the casing was set & dried, maybe got to 750M depth.
At 150M a day it would take until very late on the 28th to reach TD, I'd say they would start to hit the interesting stuff late on the 26th.
At 175M a day it would take until very early on the 27th to reach TD, I'd say they would start to hit the interesting stuff on the 25th.
At 200M a day it would take until very late on the 25th to reach TD (just like Squire-1 did), I'd say they would start to hit the interesting stuff early on the 24th!!
Hopefully the next announcement is a good one
PS. Topped up a little more yesterday!!
LOTM
PGS Price at posting:
2.0¢ Sentiment: None Disclosure: Held
