The latest drilling update out today from Premier about a North...

The latest drilling update out today from Premier about a North Sea well and also Vietnam has some interesting comments as below :
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In Vietnam, the Chim Sáo development well, S9-P, was deepened to a total depth of 4,333 metres subsea to assess the potential of the Oligocene sequence directly beneath the already producing Chim Sáo field. The well encountered 37 metres of gross Oligocene (Cau formation) sands with an estimated 17 metres of net hydrocarbon bearing pay.

And also the CEO commented :-

"......the successful Chim Sáo test has added new resources and confirmed to us the importance of the Oligocene play in the Nam Con Son Basin...."

So Block 07/03 must be looking all the more attractive