"IMO,early next year they will be sinking a hole into SC58. Big time exploration play!"
Agreed RD, there will be plenty of action on SC58 soon imo. There is a 7 month commitment for a well to be drilled issued by the Philippines DoE this month, so a well could be drilled anytime up to early next year.
https://www.doe.gov.ph/press-releas...nsuring-ph-energy-security-through-resumption
The seismic has already been run across the prospect. Seabed coring has also been undertaken with impressive results;
"The majority of core data indicates widespread micro-seepage of liquid hydrocarbons across SC 58 based on preliminary Gas Chromatography (GC) results"
It is a multi billion barrel monster and we know what a sniff of oil or gas during drilling would do to the share price (think 88E).
"IMO,early next year they will be sinking a hole into SC58. Big...
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| Open | High | Low | Value | Volume |
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| Last trade - 16.10pm 10/05/2024 (20 minute delay) ? |
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| Last updated 15.55pm 10/05/2024 ? | |||||
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