Very interesting indeed;
- upside that exists in these fields is massive
- new multi TCF targets
- relatively low cost drilling
- drilling in the near term!!
"Whilst incremental production growth is important, our team is also very active identifying more reservoir ‘sweet spots’ that are present in the deeper formations throughout our fields. While the Dempsey / Borba is the key focus, we are have identified new natural gas prospects ranging from 20 Bcf up to multi Tcf targets which can all be tested through relatively low-cost drilling. The upside that exists in these fields is massive and we are determined to unlock much greater value with the drill bit in the near term. More updates will be provided.”
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