Petro Rio S.A. HRTPF

Drill Time courtesy Hekios Chariot

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Namibia – HRT – Baobab – ETA – JUNE 29th

June 11, 2013 By Helioschariot 1 Comment Chariot Oil & Gas

UPDATED – 12th June

If we presume a drill speed of 80M drill per day – as seen here

And if we agree the depth is 3670 m as announced here - with a spud date of June 1st AND a Depth from SEA Level to the spud point as pointed out to me in the comments (thanks ever so much).

Then by my calculations we are looking at 29 days to hit the first of three targets Baobaob which means approx. June 30th.

Of course the drillers might see some signs earlier in the drill process. Milton will be watching it very closely!

[landmann]

For Chariot that might be a good drilling rate, for the "men" on the Marianas their past performance would make it laughable for the first couple thousand of meters.

[Bob322]

Ogo made a good point about value. Polvo and gas should justify price greater than market. We can hope it is a matter of time until either adds value.  Nam remains a wild card. Buying today was like buying a value stock combined with a short-term option. Unlike most options, this one could be worth a fortune. GLTA