dlogighigighigighilogighigighigighi13 Jun 2012 08:56
Looking like a fantastic day!
Results to date indicate the PaP#1-ST#3 well ("the Well") is in contact with at least 61.5 million barrels of Stock Tank Oil Initially In Place ("STOIIP") and 117 BCF Gas Initially In Place ("GIIP").
The Company has regulatory approvals for a defined seismic programme covering the Garden Hill Central and Garden Hill North structures.
The Company continues to review the extent of the Green Point Shale over its onshore lease, PL2002-01, and offshore licence, EL1116.
The work programme currently being undertaken by SPE will result in an application for an SDL over EL1070, allowing the Company more time to pursue development of the conventional Shoal Point lead.