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4.7¢ lake resources n.l.

Ann: Cauchari Drilling update, page-11

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gassed

13,065 Posts.

187

22/03/19

12:21

Post #: 37851675
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Originally posted by borizuka: ↑

This is the first time to my recollection where LKE has been very specific to focusing directly on the the contractor causing delays.

SO assuming this rig has been correctly re-configured to go to 250m, another month to complete the hole to 250m and then another month or two for actual results... correct me if i am wrong...

It would be interesting to know what the actual drilling contractor landscape is on the ground. I bet there is a tight pool of companies and most of them are tied to third parties and there is a bit of political games going on. I think LKE being a junior, they may only have options for scraps - so to speak.

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"Thesecond rig we are contracting recently completed a successful hole nearby for a third party so we will have the rightcontractor and equipment on site. This larger rig will be able to better manage the high pressure brines." Maybe this time??!!

LKE Price at posting: 5.0¢ Sentiment: Buy Disclosure: Held
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