5 blocks in the Southern North Sea as part of the UK 32nd Offshore Licensing Round
License award will cover four existing discoveries and two drill-ready prospects in five contiguous blocks
354 Bcf ( 61MMboe) 2C Resources
141 Bcf (24.3MMboe) 2U Prospective Resources
All existing discoveries have multiple wells, flow tests and historical production
CPR recently completed on Phase 1 development fields with 217 Bcf (37.4MMboe) of 2C resources
At 10c ANA will be only 180 mil Mcap with 10 mil Cash ( Cash + Cash Equivalent ) and the potential here is few Billion dollars Mcap post completion of phase 2 Development
It should do very well IMO
Easy Hold for next 18 to 24 months
GLTAH for relisting
5 blocks in the Southern North Sea as part of the UK 32nd...
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