LKE 2.27% 4.5¢ lake resources n.l.

Ann: LKE Investor Briefing and Webinar, page-59

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  1. 13,065 Posts.
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    I think in all fairness to Steve, he did say this on 17 January 2019• High fluid pressures experienced downhole are very encouraging but have made drilling progress challenging – third hole is now underway with adjusted drilling methods .  There are 4 x 1,500 metre holes planned.  "“While drilling has been frustratingly slow at Cauchari, theupside is that the challenging downhole conditions show that the large, adjoining producing brine basin extendsinto our leases. Our focus is on getting to the targeted horizons and sampling them as quickly as possible.”

    Nothing much he can do about high fluid pressures.  Let's see if the "adjusted drilling methods" solve the problem. Hopefully, will tell us something new in Dec QR.

    He's just as frustrated as we are, but, still sees an "upside".  I'd suggest that the LT holders share that optimism, but, the punters are completely pissed off.
 
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