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35.5¢ warrego energy limited

Yep. Thanks for that.. Seems that issue was clarified some 10...

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borrks

3,379 Posts.

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29/12/17

16:30

Post #: 29937731
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Originally posted by HoraceMich ↑

http://www.petrelenergy.com/irm/PDF/1760_0/Erratum

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Yep. Thanks for that..

Seems that issue was clarified some 10 months ago....

In clarifying, Petrel’s Managing Director David Casey said “while on the back of limited data
Petrel’s initial focus may have been the unconventional or shale potential, we are very fortunate
that the project has advanced significantly as more information has come to light, particularly
from the seismic, on the conventional potential. This is not only a far simpler, but importantly a
more timely and cost effective process for small companies such as ours working in foreign
jurisdictions.”
He went on to say “that while it is very early days it is not often that small companies have the
conventional upside as seen in Petrel’s and Uruguay’s first independent conventional only
resource certification which we are hoping the upcoming programme will enable us more
accurately quantify in due course. It is a very exciting time for Petrel and for the energy
independence of Uruguay”

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Last edited by borrks: 29/12/17

PRL Price at posting: 1.1¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

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