HiCara,
Below is some additional detail on the potential RCMA Australia Pty Ltd,Refine Energy (October 26th 2020 announcement) drilling program which includes theL14 Western Area (MEL). They may be drilling the Agile prospect in theL14 western area (MEL interest) in the next 8 months. According to RMCA, Agile has a potential recoverable resource range of 0.7 – 22 million barrels of oil. And then there is West Agile, also in L14 Western Area which has considerably larger volumetrics, some of which is outside the L14 Western Area license..... On Cervantes, the recoverable resource range touted by RCMA has Cervantes at 4.9 – 223 million barrels (a very large range) which on thehigh-side is considerably more optimistic than what MEL has announced for Cervantes: 6 – 42 million barrels of oil.Anyway, its an interesting read.
https://jade-holdings.com/two-well-farmout-and-tolling-agreement-executed-with-refine-energy/
Kind regards OldGeo
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