Didn't see this coming, the acreage has some 3D completed already, next door to Eco's Cooper block PEL 30 and we are 40 clicks from Tullows C1 in PEL37
We also have a ready made CPR
Page 6, the Delta prospects 5.68Bln barrels mid case
Delta leads showing 6.68Bln barrels mid case .....cos up to 31%
The Gamma prospect drops into this block as well
https://www.towerresources.co.uk/files/Namibia_Licence0010_Tower_CPR_Letter.pdf
Combine both PEL 29 and 2011A we have a grand total of 15.94Bln barrels mid case
Two single prospects Gemsbok and Delta of 7.43Bln barrels
Now it makes sense for both ECO and AEC to take positions as the two assets are split between GBP and GBP Namibia
If you do not buy now you certainly will miss on something far away from the current sp imo ;-))
Didn't see this coming, the acreage has some 3D completed...
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