ipil ipil 1 daily drilling report sc46, page-18

Getting most interesting.........report on the Phillipines Stock Exchange,just out that Japex has had 200 tonnes of barite arrive on site.

What is barite:

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By far, the principal use for barite is as a “weighting agent” in oil and natural gas drilling. In this process, barite is crushed and mixed with water and other materials. It is then pumped into the drill hole. The weight of this mixture counteracts the force of the oil and gas when it is released from the ground. This allows the oil and gas rig operators to prevent the explosive release of the oil and gas from the ground. Currently, the majority of barite consumption in the United States is for this drilling application. However, the consumption in drilling "mud" fluctuates from year to year, as it is dependent on the amount of exploration drilling for oil and gas, which in turn depends on oil and gas prices.

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What have we got here?....time will tell