"The company is planning to acquire a 2D seismic program over prospective areas in [Block 7], subject to a stable and safe operating environment," Oil Search said in its disclosure.
Block 7 has been in force majeure since mid-2011 due to the "Arab Spring" uprising. Oil Search's most recent well drilled on the block, Al Meashar-1, was in March 2010. The well – at that time – flowed oil, gas and drilling fluids at an unstable rate of 200 barrels of oil per day and 100 barrels of drilling fluid per day.
Thoughts ?
Worth a look I guess
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