Assuming they tested from yesterday's depth (2935m) the primary is coming in around expected depth, and at the high end of pre-spud expected range of 2900 - 3200m. It's unclear to me why they have decided to deepen the well beyond pre-drill TD approx 3500m, to current planned TD 3740m. Maybe that still falls within 'approximately', and the drilling is going well atm(?).
Y-1 flowed gas to surface from an interval around 3342m although this first well was considerably down-dip from Y-2. The primary (sandstone) in Y-1 seemed to extend across the interval 3217 - 3402m and contained inter-bedded shales.
ARQ Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
