Patience, page-5

Yes, some patience required, but plenty of news flow over the period ahead on PEL 87 and neighbouring blocks, being:

• Our PEL 87, early "fast-track" processed results are expected to become available for interpretation by late August 2023. WDS will soon enough ann drilling which Sintana have indicated will be in the new year.
• Chevron in PEL 90, 3D survey completed with processing and interpretation underway. Exploration well either in late 2023 or early 2024.
• GALP in PEL 83, drilling rig contracted for two wells plus optional well testing, commencing late 2023.
• Shell on PEL 39 already achieving oil flow during tests that came 'like a train' at Graff-1. Also planning ten additional wells.
• TotalEnergies on PEL 56 spending half its 2023 exploration budget on a four-well, two-rig exploration and appraisal campaign. Drilling to date has indicated that Total has 'a huge field on its hands'.

It really is the global exploration hot spot.