PV1 5.26% 1.8¢ provaris energy ltd

dr11 no hydrocarbons, page-10

  1. 3,089 Posts.
    That is the way I understood the original plan too, Mikey26.
    TTE had to drill DR11, in order to retain the lease.
    It seems to be one of those confusing WA DMP rules - same thing happened with OBL's drilling in the Canning Basin last Sept/early Oct.

    I think, if we keep the lease after this, it will be a good result. it is a large area and the same formations extend over all of the Perth and North Perth Basin, from memory of reading numerous presentations from EGO, who are the largest land holders in this general area.

    I guess things will be clarified re: the lease over the next few days/weeks.

    In the meantime, onwards and upwards with the AD drillings.

    All the above is my personal opinion. DYOR.
 
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