By Josh White
Date: Friday 27 May 2022
LONDON (ShareCast) - (Sharecast News) - Clontarf Energy updated the market on the drilling of the Sasanof-1 exploration well on Friday, confirming that drilling had now started at the site offshore Western Australia.
The AIM-traded firm said the well was spudded with the jetting of the 36 inch conductor at a water depth of 1,068.3 metres below mean sea level.
Drilling was now underway on the 17-and-a-half inch intermediate hole section to a depth of 2,030 metres below mean sea level, when a 13-and-three-eighths inch casing would then be run and cemented.
That would be followed by drilling the 12-and-a-quarter inch hole section through the target reservoir section to a total depth of 2,500 metres below mean sea level.
"The current schedule expects drilling through the target reservoir occurring, at earliest, between 2 June and 5 June," the board said in its statement.
"Further updates will be provided upon the completion of campaign milestones."
At 1110 BST, shares in Clontarf Energy were down 4.47% at 0.43p.
Reporting by Josh White at Sharecast.com.
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Currency | UK Pounds |
Share Price | 0.041p |
Change Today | 0.005p |
% Change | 12.50 % |
52 Week High | 0.15 |
52 Week Low | 0.033 |
Volume | 169,470,646 |
Shares Issued | 5,193m |
Market Cap | £2.10m |
Value |
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Price Trend |
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Income |
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Growth |
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No dividends found |
Time | Volume / Share Price |
15:25 | 5,223,314 @ 0.039p |
15:21 | 1,500,000 @ 0.039p |
13:51 | 11,839 @ 0.042p |
13:30 | 1,450,000 @ 0.039p |
13:05 | 1,000,000 @ 0.041p |
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