ARQ 0.00% 8.7¢ arq group limited

GEE!! I hope they don't bring Cen18 back!! .. guess where they'd...

  1. 7,063 Posts.
    GEE!! I hope they don't bring Cen18 back!! .. guess where they'd probably park it .. Blina area I bet .. if it's sitting at blina doing nothing and there's a shallow prospect to drill just over the hill .. well .. well ..WELL!

    But at $3-4M per well sounds a tad steep for a shaloow well.

    BTW, did anyone notice the flow rate of mud seems to be falling!! Yesterday's report said

    " In excess of 12,000 barrels of drilling fluids were lost during drilling and completion and approximately 2,400 barrels have been recovered. The test will be continued until formation fluids are identified."

    .. but todays announcment stated;

    "Some 24% of the 12,000 barrels of drilling fluids lost during drilling and completion operations has so far been recovered."

    24% of 12,000 = 2,880, only an extra 480!!! I hope this wasn't over the same time period otherwise we have a huge flow rate falloff .... and still no HCS!!

    Hope I'm wrong.

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