PRM are seeking a farm-in partner to participate in the Bowsprit project. The side track of the existing vertical well is expected to cost US$3million to drill, with US$1.5 million to complete ready for production. Subject to funding, the project is ready to proceed.
Aside of progressing Bowsprit, PRM has identified a potentially sizeable gas prospect located in a conventional, prolific basin of a low political risk country with a bid round scheduled in the first half of calendar 2023. The prospect is still undergoing technical due diligence and evaluation.
Some positives here!
PRM Price at posting:
0.2¢ Sentiment: None Disclosure: Held
