re: Ann: Update on drilling operations at the...
Transit Holdings Ltd hereby provides an update on drilling operations at the Paradox Basin Project
K20 UTAH PARADOX BASIN POTASH PROJECT STATE HOLE #1 SAN JUAN COUNTY, UTAH, USA (Operator: Sabine)
Progress report on the State Hole #1 well as at 6:45am, 11 October 2011.
Current Depth: In Utah, the drilling team has now reached bed 13.
Current Activity: Coring / analysis of core beginning.
Coring Plan : Coring and evaluation is in process. Upon the completion of coring of bed 13 the drilling team will continue to drill down to approximately ~6,000 feet to bed 18 to complete coring.
TRH Price at posting:
$1.22 Sentiment: Buy Disclosure: Held
