As best I can tell (can someone fact check me on this please), the outer high runs NNW to SSE, diagonally, through Chevron's PEL 90. If so, there is little chance they will drill on that feature (unless they are still holding out some hope that carbonates on that platform are still prospective, which based on wells drilled to date, I highly doubt). More likely, they will drill either inbound (seeking something akin to Galp's Mopane discovery), or outbound (seeking something akin to Total's Mangetti discovery). Total's Tambotti well in PEL 56 (currently being drilled by Deepsea Mira) looks to be an ~10km step out to the NNE from Mangetti, is about that same distance south and midwest of centre from PEL 90. What would be most exciting for PLC, imho, would be if Chevron drills their first well toward the NE corner of PEL 90, on the inbound margin of the outer high. That location would also be of great interest for Galp.
PCL Price at posting:
1.4¢ Sentiment: Hold Disclosure: Held
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