Communicated to Bell's IR today.
K-6 is about half way completed and there will be another detailed "Marsh Report" on that well.
The current drilling program is for three wells -- K5 through K7. So K-6 and K-7 are our immediate chances to make a discovery.
To my understanding, that $750K is funding those wells.
Bell is going to stick with the current three well Kabba program and, dependant on K-6 and K-7 drill results, the Company will then decide the next phase that is suitable for the project.
In addition to geological considerations, I would factor in cash availability.
Speaking of money, via the March 9th PR, they've opened a PP for capital for Kabba. Given that has yet to close, they obviously still searching for funding.
To what extend that's needed for a possible K-8, K-9 and further, I'm not sure, but I would safely guess our $750K is not enough to go much beyond K-7.
So I'll repeat what I wrote above: "K-6 and K-7 are our immediate chances to make a discovery."
We know we can drill that far.
Assuming anything beyond that is well...an assumption.
