I sent an e-mail to mgt..see reply as follows: G, Thanks for the email.
Drilling has not commenced at Garwood - we are awaiting advice from the Operator regarding the proposed start date. When it comes to drilling, there are often variations between the proposed and the actual commencement dates - usually as a consequence of weather or operational issues with other wells. Basically you are in a queue for the rig and any delays up the line are experienced by everyone still waiting their turn.
We still expect to be drilling quite soon and will advise the market once it commences.
Regards,
Laurence Roe Managing Director Target Energy Limited
MRX Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
