Yes, some patience required, but plenty of news flow over the period ahead on PEL 87 and neighbouring blocks, being:
Our PEL 87, early "fast-track" processed results are expected to become available for interpretation by late August 2023. WDS will soon enough ann drilling which Sintana have indicated will be in the new year.
Chevron in PEL 90, 3D survey completed with processing and interpretation underway. Exploration well either in late 2023 or early 2024.
GALP in PEL 83, drilling rig contracted for two wells plus optional well testing, commencing late 2023.
Shell on PEL 39 already achieving oil flow during tests that came 'like a train' at Graff-1. Also planning ten additional wells.
TotalEnergies on PEL 56 spending half its 2023 exploration budget on a four-well, two-rig exploration and appraisal campaign. Drilling to date has indicated that Total has 'a huge field on its hands'.
It really is the global exploration hot spot.
PCL Price at posting:
1.0¢ Sentiment: Buy Disclosure: Held
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