Finally some upcoming action. As we now have confirmation that Central Petroleum is about to complete the drilling of Surprise 1 by about the middle of December,after which it then looks like they will be drilling either Madigan or Simpson East.
Cabawin South 1 is planned to be drilled in early 2012 to evaluate potential deeper Permian reservoirs.
It surprises me that no mention seems to have been made about Kea Petroleum in which Rawson owns aprox 5.4%.
Following is part of the announcement made by Kea Petroleum on August 11,2011. "Seismic acquired early this year successfully delineated two nearby Mount Messenger targets which are now being considered for drilling.
Mount Messenger plays are secondary to Kea's main play targets;which are deeper and typically much larger. These are the Tikorangi,Taraki and Mangahewa Formations,all of which are established as proven commercial producers in the Taranaki Basin.
Such a target is the Felix structure on which the group is planning to drill the Mauku-1 well to 3500m, in the first quarter of 2012. The target is estimated by the directors to have a resource potential, in the event of discovery, centred at aproximately 600BCF of gas, with approximately 20 million barrels of associated condensate(light oil,of high value)".
Hopefully we will be successful in at least one of these targets. Good Luck to all. Klaas
D.Y.O.R
RAW Price at posting:
8.5¢ Sentiment: Buy Disclosure: Held
