Horseshoe 4 well resumes drilling

first_img Image: Armour Energy provided an update on operations at the Horseshoe 4 well. Photo: courtesy of Anita starzycka from Pixabay. The Directors of Armour Energy Ltd (ASX: AJQ) are pleased to provide an update on the Company’s operations at the Horseshoe 4 well, located in Armour’s 100% owned PL227.As previously advised, the drilling of the Horseshoe 4 well had progressed to a depth of 1,523m, before becoming stuck within the Hutton Sandstone formation, through a process known as “differential sticking”.A plan to free the stuck pipe was implemented, and at approximately 5am on 1 November the pipe became free of the differential sticking. Over the following 36 hours, the drill assembly was safely removed from the well.On the evening of 2 November, Armour recommenced drilling at a rate of approximately 12.2m/hr, and at 7am on 3 November, the well had reached a depth of 1,704m.Armour will now set 7‐inch casing to 1,704m isolating the Hutton Sandstones, before drilling ahead to the prognosed total vertical depth of 2,073m.Despite the unanticipated delay caused by the stuck in hole incident, Armour believes that that failing any further delay in the drilling operations, that the Horseshoe 4 well is anticipated to be completed on time, as per the initial drilling schedule. Source: Company Press Release The drilling of the Horseshoe 4 well had progressed to a depth of 1,523m, before becoming stuck within the Hutton Sandstone formationlast_img read more

Germany and Italy extend submarine cooperation

first_img German, Italian ministries of defense extend submarine cooperation Share this article View post tag: German Navy View post tag: Italian Navy Back to overview,Home naval-today German, Italian ministries of defense extend submarine cooperation Authorities March 15, 2017 Defense ministries of Germany and Italy signed a Memorandum of Understanding to extend their cooperation in the field of submarine operation and construction.With Italy looking to procure further submarines, the MoU was signed on March 10 during a visit of Italian arms procurement coordinator Rear Admiral Ruggiero Di Biase to Koblenz, Germany.Research and development will be the focus of the MoU in addition to efforts to keep the costs of operation down.The two countries started their submarine cooperation in 1996 when Italy and Germany signed an agreement to start the construction of eight Type 212A submarines. The goal was to build identical boats thereby allowing the navies to share logistical and life-cycle support.U212A were designed by ThyssenKrupp Marine Systems in Kiel and Italian shipbuilder Fincantieri constructed the Italian boats. View post tag: U212Alast_img read more

Here’s what to consider in strategy development

first_img continue reading » ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr Most companies set aside time for strategic planning each year. This can have different meanings and approaches, but ultimately it helps leadership articulate the long-term vision and ensure continued success. Often, it coincides with budgeting, which is what my organization is in the early stages of.However, simply holding a strategy development meeting isn’t enough on its own. There are many things to consider during this process that require intention and focus. You can’t “just wing it.”I came across this Columbia Business School article from leadership expert Willie Pietersen that details the components of an effective strategy. These are sure to help you give strategic development the attention it deserves:Concept: Thinking must come before acting. I’m sure many of you, like me, have big plans for the growth and development of your organizations. But the reality is, only so much can be accomplished at certain times. From internal factors – like budgetary constraints – to external pressures, we must be smart about our strategy. Strategy is a balancing act, where we must be willing to allocate resources accordingly.last_img read more