Got a email that pointed out that our first to targets are the rift plays (Valanginian-Hauterivian) Marfim and Pojuca formations. The first of these is the Pojuca formations at 600m. The Marfim formation comes in at about 800m Fields that produce from this area are
It seems if we can get a strike in these targets the wells will have a far greater life span as all the above fields have been producing for 40 plus years. But remember that these are secondary targets, so great if we get a hit but no big deal if we don't.
Best of luck all
Cheers
ERH Price at posting:
10.0¢ Sentiment: Buy Disclosure: Held