The Company confirms that the deepening of well C-37 has successfully identified three untapped oil-bearing clastic layers in the Middle Eocene formation with a total net pay zone of approximately 16 metres.
Oil and gas shows recorded during drilling of these intervals have indicated the presence of favourable reservoir facies. Zenith is currently performing a series of wireline logs to enable a detailed evaluation of which intervals to perforate after the well is cased and cemented. Flow rates will be communicated once the well is placed on production.
Please note that Webcasts for Gold Forum Americas 2019 are not live streamed. The presentation for Newcrest Mining Ltd. will be available for on-demand viewing from September 18, 2019 at 3:00 PM (MDT). In the meantime, please research more about Newcrest Mining Ltd. here.
Solg went through this pattern of trading initially, suddenly the traders were caught out after selling, thinking it was the right decision then when the sp kept growing and growing to a £600m cap they were left kicking themselves. All the signs are here with Newcrest backing GGP to follow Solg imo. Hold and let the value grow.
In March the company signed a farm-in agreement with Newcrest Operations Ltd., a wholly owned subsidiary of Newcrest, to explore the Havieron project. Newcrest can acquire up to a 70% interest in a 12-block area that covers the project by spending $65 million.