Palta-1 Latitude: 22° 03’ 49.734” S Longitude: 113° 11’ 40.1424” E
Appears to be the shallowest part of the Palta structure. Possible variation once the sub is there.
From the seafloor contour, the eventual operator would probably drill the exploration well for WA-460-P at about 18-20km NE of Palta-1, not at its boundary. (At the shallowest part of WA-460-P)
However, it is irrelevant as IMO, WHN won't be involved as an operator. Its end point would be a farmout to an oil major after 3D seismic. Similar to WA-360-P of MEO.
$60m for ONE exploration well is not something that the 3 partners would attempt.
JIMO DYOR
QFY Price at posting:
4.9¢ Sentiment: None Disclosure: Not Held
