Hi all AAE followers,Spud date to be announced any day now,...

Hi all AAE followers,

Spud date to be announced any day now, great time to buy in now.

The Itheria Prospect is estimated to contain potential Prospective Resources of 500 million barrels of oil equivalent (Best Estimate). The planned total depth of the well is 3,200 metres and it is expected to take 80 days to drill, on a dry hole basis.

Kulczyk Oil and its joint venture partners have executed a drilling rig contract with Sinopec International Petroleum Company for a drilling campaign in Block 9, Syria.
Two exploration wells are planned for drilling this year with Itheria-1, the first well in the program, expected to commence drilling in July.