The Century 18 rig was released on 28 April and is being
moved to the Drakea 1 exploration well location in L1. It is 100% owned and operated by Arc and worth up to $1.00 per share on success, according to Arc's estimates.
Also drilling in Yemen has started, the 2 wells chasing 50-100 million barrels of oil, Arc has 15% so this could be worth 50c - $1.00 per share on success.
Similar numbers are possible with the Perseverance well about to spud offshore WA in just a few days, weather permitting.
A total of 5 high impact wells over just a few weeks then quickly followed up by elephant hunting in the Canning.
drakea about to spud and more
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