It’s the end of February today and soon to be hello March tomorrow.
Borders and Southern ended january with the long awaited spud of their Darwin Well in the Falkland islands.
See previous post here.
The company gave guidance of 45 days inc testing baring any mechanical/operational issues.
Hence, assuming all is going well – they are heading into the think of it now.
It’s worth noting that previous drills at similar depths have taken around 25 to 35 days. Some a bit quicker.
With political tensions high – any new discovery will be keenly awaited by both the media world and politicians as it could inflame the situation.
As with all drills – the CoS is low, so be wary there’s more chance of failure than there is success. But the latter will be transformational for BOR should they hit the pre drill numbers.
If they fail, then they can dust themselves down and go again with the second well planned immediately after ‘Stebbing’. See Gramacho’s post here for more info.
Fingers crossed for all investors for a successful result.