The DST that Robert referred to is that of Total Energies at Venus-1X, which their CEO had earlier advised results were due in early September (therefore could drop any day). A reminder of this from Upstream on 28/07:
"Deepsea Mira arrived at the Venus-1X discovery well site in Block 2913B in late June and is now within days of starting the DST on this prolific discovery in the Orange basin. Patrick Pouyanne, TotalEnergies chief executive, told analysts yesterday that results from the well test should be available in early September and will be critical in determining commerciality of a project in more than 3000 metres of water."
"Pouyanne - who has always urged caution about over-hyping the scale of Venus - seemed to hint to analysts that the pay zones intercepted so far are promising and, perhaps, better than originally announced. "The oil column is very big," he said, shortly after stressing that results from the appraisal well were "very positive."
Looking forward to it.
PCL Price at posting:
2.0¢ Sentiment: Buy Disclosure: Held
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