Agreed A789, with SC58 coming out of force majeure 2 days ago on 16th October things could move very quickly there now.
https://pnoc-ec.com.ph/projects/service-contract-no-58-west-calamian
SC58 has massive targets which i am sure SGC would be keen to progress, especially with oil prices at multi year highs currently trading at $82 and likely to go higher.
"In a disclosure to the Australian Stock Exchange on Tuesday, Nido said it estimated that structures at its Service Contract 58 or the West Calamian block in Palawan, could contain "over 5 billion barrels of unrisked oil in place"
https://news.abs-cbn.com/business/09/21/10/nido-petroleum-finds-major-oil-and-gas-find-palawan
The Balyena prospect in SC58 has a prospective resource of 1.3 billion barrels on its own.
“The block contains an extensive deep water fairway with a number of large multi hundred million barrel structures comparable in size to the giant Shell operated Malampaya gas field”
SC58 is a multi billion barrel monster and SGC is a sleeping giant imo
BILLION BARREL BONANZA, page-703
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