That's how I see it - the amount of quality, commercially viable offshore licence area just reduced. Characteristics of PEL87 and Saturn have generally been compared by mgt to those of Venus and Mopane, rather than Jonker and Graff - example from the last presentation, "A number of significant leads show Class II/III Amplitude vs Offset (AVO) anomalies within the Saturn complex. Major discoveries to south are believed to have Class II/III AVO support (e.g. Mopane, Venus)". All in all, positive for us imo.
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1.2¢ |
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Mkt cap ! $98.02M | |||
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