""Processing of the Zeebries 3D seismic survey continues. The survey is expected to define several new drillable prospects and a drilling decision will be made by Apache within the next 3-6 months.""
CUE's quarterly today states
""The current license term is due to expire on the 31 July 2012 and an application to renew the permit has been submitted to the government by the Joint Venture. Interpretation of the Zeebries 3D seismic survey is ongoing with the objective of defining new drillable prospects.""
No drilling decision yet but I suppose its a positive that the JV have applied to renew the permit ?
MOG Price at posting:
2.8¢ Sentiment: Hold Disclosure: Held
