Both Janne and Tony have reported that it's bubbling up nicely from the ground. (Water, that is, not Texas tea.)
Total depth was 43 meters- just as I had estimated. Total cost for the drilling is 30% less than my budget figure. Things are looking up. (Or down, in the case of the well).
UPDATE: The well is 5 inches in diameter. The well Baby Jessica fell down was 8 inches in diameter, plus ours is capped, so we're safe.