I think it's a good update from what they can provide at this point in time.
"The proven oil in the T1 Upper Miocene Sand was notaffected by the vertical well result and remains a viable target for a single well development via a sidetrackingof the vertical well and tie back to a nearby platform."
"The last assessment done in February 2020 assumed an oil price of US$55.85/bbl and thecurrent report reflects an average price of WTI of US$85.82/bbl for the life of field. If current oil prices of around US$100/bbl* were sustained, the project would have a higher value."
* Current price is US$96/bbl
We should hear more in H2 after the hurricane season in Louisiana (currently now, ending Nov 30).
It would be great for PRM to have another play / opportunity / JV lined up in the interim.
I think it's a good update from what they can provide at this...
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
0.3¢ |
Change
0.001(25.0%) |
Mkt cap ! $1.459M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.3¢ | 0.3¢ | $54 | 20.87K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 27 | 17484589 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 11498816 | 7 |
View Market Depth
| Last trade - 13.53pm 28/07/2025 (20 minute delay) ? |
| PRM (ASX) Chart |