Buffalo Oil Well

Was reading this in the annual report, all terms and conditions are agreed upon, just waiting on signing...

“Carnarvon has now completed its discussions and agreed the terms of the Production Sharing Contract (“PSC” with the Timor-Leste government agency Autoridade Nacional do Petróleo e Minerais (“ANPM”. The Company now has a clearer timeline for the official signing the PSC and the ratification of the Maritime Boundary Treaty which is expected to occur in Calendar 2019. Once the process is finalised, Carnarvon will be in a position to progress with its plans to drill the first Buffalo well to confirm the presence of the attic oil and to progress the Buffalo oil field redevelopment project.”

Thought I’d start this new thread just for the buffalo well, steady news should be coming through from now on...