RE:RE:RE:RE:RE:RE:RE:500 sellerThanks FillTo Spill. I did not read the NR carefully enough. It is ambigous as to wether they are completing the logging or the well in the next couple days. It does seem to me that they are completing the well here and meant to say "The well WAS planned to be drilled.."
I assume the target TD was based on the estimated basement depth which would be based on siesmic interp using a poorly corrilated velocity profile as you noted and they have hit basement at 3500 m.
Preparations are underway for the logging of the 12¼-inch hole section from the 13⅜-inch casing point, located at 1,644 metres MDBRT, to a drilled depth of 3,500 metres MDBRT and is expected to be completed in the next few days. The well is planned to be drilled to a total depth of between 3,000 and 4,000 metres in order to test Tertiary age primary targets.