The end depth has already been reached. They do a vertical to confirm strat depth then plug back and kick off the horizontal drilling. Not sure on lateral length, usually about 2.5km. They will continue doing a weekly drill report and once finished these two, will drill third well and complete all three with flowlines etc. Would be interested to know the progress of the storage vessel, its in the yards at the moment being converted.
OXX Price at posting:
8.0¢ Sentiment: Buy Disclosure: Held