RE: Unsolicited Approaches!16 Feb 2021 07:51
The data will be priceless:
The Perseverance #1 well result has confirmed the presence of a working hydrocarbon system, validating the Company's structural play concept. In addition to obtaining an invaluable new sub-surface dataset which, in BPC's view, reduces the exploration play risk for any future exploration activities in this frontier province, the well verified the structural model the presence of competent seals, high porosity reservoir and hydrocarbon charge. The combination of these play elements points to significant hydrocarbon potential remaining in a number of independent, untested play systems and structures seismically identified from 2D and 3D within BPC's extensive acreage extending over its four (4) southern exploration licences covering approximately 12,000km(2) (4,700 square miles - 3 million acres).