PGS 0.00% 0.0¢ planet gas limited

Last throw of the dice ??, page-5

  1. 1,027 Posts.
    No I don't know the timelines.It looks like we may have to wait until early April for the
    next progress report from SXY

    "Silver Star-1 is a high impact gas exploration well located in the northern Cooper Basin and is expected to be drilled to a depth of approximately 3,600 metres, with a potential lateral section of up to 1,500 metres. The total cost of the well is estimated at approximately $15 million.
    The well follows the drilling of Efficient-1 and Ethereal-1 in the southern Cooper Basin, which were both cased and suspended having successfully intersected stratigraphically trapped tight gas in the Permian sandstones. The Ethereal-1 well was fracture stimulated and production tested, with the next step to complete a nitrogen lift test to increase gas production.
    Senex will provide further information to the market on its drilling activity in its monthly drilling report to be released in early April. "
 
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