nothing new but I noticed the company highlighted the next onshore seismic program is on MA7 & Tanah baru S, current these two leads combined P50 400mmbbl+, 65Km2. Donot know it announced before or not. For me it’s positive, as I always expect the exploration program on MA7 LOL
As it is just 65KM2 onshore seismic, cost should be around 0.3m, Taiwan petroleum will pay 80%, so LIO cost is around 60k, still no need for CR. I remember LIO received USD$ 295k last month.
Another interesting finding is map shows oil/gas seep here and there, especially around MA7 & Tanah baru S. Surprised how the oil can flow into the surface as expected MA7 depth is 1500m.
Add to My Watchlist
What is My Watchlist?
