corehole 3a

Per PRL announcement on 16/10, ' BOP had to be ordered from outside Uruguay, which has now arrived and is being installed.'

Prognosed total depth was 1,250m. We are around 4 weeks since last announcement and we know operations were around the clock 24/7.

Results should be fast approaching and should we get confirmation of another active hydrocarbon system in a third Permain source and reservoir from this drill then expect a rerating of the share price.

All in my opinion.