MAY 3.23% 3.0¢ melbana energy limited

Just need to remember here, this well in B10  by Sherritt is...

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    Just need to remember here, this well in B10  by Sherritt is extremely complex .
    They are drilling from an onshore wellpad into an offshore target zone by way of a large horizontal and
    highly deviated drilling operation.
    This was done I suspect due to additional environmental risks if they choose an offshore drill via a jack up.
    I also believe Sherritt use their own land rig for their drills ( could be wrong) 
    They however obviously feel confident in a positive result as seen by the to date very large drill cost.
    Successful TD on this well will have been a year in the making with at least 2 suspensions to plan , change and assess new drilling parameters.

 
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