Ann: PEP11 Option Update, page-107

TJ plenty of newsflow is coming our way;

1) Divestment of Filipino Operations (Sale of Nido)

- currently in a TH regarding this
- PNOC have jv'd into Cadlao and handed over initial funds, drilling of Cadlao early to mid 2024
- divestment will be finalised once approval from Philippines DoE and shareholders is given

2) Development of Filipino Assets (Other than Cadlao)

This from the announcement on the 16 November;

"Sacgasco retains significant upside exposure to not only development of Cadlao but the other service contracts that Nido has interests in and I look forward to updating shareholders with further positive news over the coming weeks.”

3) New Projects

- high impact large resource projects
- drilling Q1 2024

This from the recent qtly report;

"New venture opportunities have been focused in two areas:
• High impact near term exploration opportunities as liquidity has improved in ASX listed juniors in the energy space; and
• Medium to longer term portfolio opportunities to ensure an inventory of news flow as the company recapitalizes into higher commodity prices."

"Following the completion of the Alberta Plains Assets divestment, the Board has been assessing a number of high impact large resource exploration drilling opportunities with a view of executing a drilling program in Q1 2024"

Exciting times ahead imo !!!!

As always DYOR