NGE said it still considers PPL 267 to contain significant prospectivity that can be assessed with relatively low-cost follow up seismic acquisition and drilling.
NGE will now reprocess existing seismic data in the block to incorporate the results of the seismic velocity data obtained from the well.
Plans for additional seismic acquisition will be accelerated to extend the data to the southeast towards the hydrocarbon source kitchen as well as to advance evaluation of the Panakawa North Lead before undertaking additional drilling activities.
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Mkt cap ! $42.53M | |||
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