Just looking at the half year report again and didn't pick up before, that the PEL94 CPR was based on just 2D data. As is the CPR for PEL29
They expect to find more prospects/leads and to increase cos with the current 3D held by Namcor, which they are negotiating. Possibly the likes of Exxon will have already gained access to the 3D if (94&29) were of interest ?
EMGS another company adding to the seismic activity in the region, have a LOI for the Walvis Basin and in talks for further activity in the Walvis Basin
PEL29 must be one of the most, if not the most prospective blocks in the Walvis Basin without 3D coverage and has a commitment for 3D + well before the year end
The chance that the EMGS will be shooting 3D in GBP blocks in the coming months, does not seem far fetched to me at all, which would only be the case if a deal is concluded
