Fast-track data from the two 3D seismic surveys completed earlier in 2013 has been received and interpretation is ongoing. Preliminary work on this data has already identified a number of large prospects within the Diomedia fan complex. The new data is also enhancing our understanding of potential prospects within the Fault Block area, adjacent to the Darwin discovery. A full assessment of all the prospects covered by both surveys will be undertaken using the fully processed 3D data expected to become available in January 2014. The interpretation results should be available by the end of the first quarter 2014.
If my memory serves me right, we were promised some news on the 3D results for December 2013. It was then postponed until January. If a public company like FOGL doesn't mind about not keeping their promises and leaving their investors in the dark like they do, how much of the rest of the story is true? Anyway, we still have today
My understanding is that the 3D fast track results were expected by end of Jan 14 . That doesn't mean they will publish them then. In fact I think I recall they said they would then evaluate them and select targets and have it decided by March 2014. The rig and drilling programme have also to be firmed up.I know its frustrating but we have to be patient IMHO. GL.
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.