And there we go , the latest AUCTUS update of 24/4/2024 is out:-
In part...
"The Nilde field produced 20.5mmbbl of light oil from 1980-1989 from subsea infrastructure tiedback to the Firenze FPSO. The field was prematurely shut in due to theinability of the FPSO to handle water production and a collapse in oilprice from around US$30/bbl to US$14/bbl.
• Pending confirmation that the decision to annul the Plan for theSustainable Energy Transition of Eligible Areas is not contested, we are not changing our target price of A$1.00 per share.
• The near term focus continues to be (1) the drilling of further wells atAnshof that are expected to add production and reserves, the drillingof a gas prospect with MND, high impact well testing activities at theWelchau discovery in 4Q24 as well as the deepening of Welchau wherein excess of 1,000 m of sediments remain untested."
And there we go , the latest AUCTUS update of 24/4/2024 is...
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