At the Castor Seam 1,512 metres geo-steered with 95% hitting the target path - at the Pollux Seam 822 meters geo–steered with 88% hitting the target path. Net result - over 2.1 kms of lateral well bores sitting in the target zones of Castor and Pollux combined.
Tor’s comment about the excellent outcome and this lateral well methodology likely to be repeated in the future in the block – says to me that future production testing is expected to yield good results.
Once the current drilling program and production testing is complete – I wonder how much we will be adding to our reserve base.
The more we ‘bag’ the stronger the lure of us having a hand in future production with the resulting dividend yield for investors.
Us investors bide our time whilst those looking to secure future production work out whether they will let us go all the way.
Everything going according to plan.....
At the Castor Seam 1,512 metres geo-steered with 95% hitting the...
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add COI (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
16.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $188.3M | |||
| Open | High | Low | Value | Volume |
| 17.0¢ | 17.0¢ | 16.5¢ | $12.67K | 76.68K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 289623 | 16.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.0¢ | 245730 | 5 |
View Market Depth
| Last trade - 16.10pm 22/11/2024 (20 minute delay) ? |
| COI (ASX) Chart |
