News23 Apr 2018 17:55
Taken from RNS on the 12th
Snow Leopard was originally programmed for drilling in 2017 and has all the required permits in hand other than the land use permit which is now being renewed. The renewal is a routine matter and as such the Company expects to have the new permit within the month of April 2018. As previously reported, the contracted Sinopec Rig 4518 is in Mongolia and has been certified to international standards. Drilling consumables and long-lead items including casing and wellhead are also now in Mongolia and are ready to be mobilised to site. Plans are for site construction to commence in May 2018 with rig mobilisation commencing once the Snow Leopard location has been completed. The well is programmed to be drilled to a depth of circa 3,350 metres at a cost of approximately $7 million, of which $1 million was spent in 2017 for purchase of long lead items and consumables. It is expected that the well will take approximately 70 days to drill and log
Should get some news this week .imo