This past week our drilling reached a depth of approximately 15,750 feet (4,800 meters).

As in previous weeks, the drilling is proceeding very well indeed and we are ahead of schedule. To date, our maximum drilling rate has been approximately 92 feet (28 meters) per hour and we have averaged 12 feet (3.7 meters) per hour.

The last 200 feet of this section is drilling very slowly in very hard dolomites, limestones and shales that will provide the ‘casing seat’ for the intermediate casing
string that we will be placing in the well.