RE: Good time?27 Apr 2021 14:49
It’s definitely look good time ahead
Results from the testing, which will determine oil saturation and characteristics, are expected over the next 10 weeks, the exploration and production company said.
While drilling the well, 88 Energy encountered zones that had previously been unmapped and showed good potential.
"The oil shows and other encouragement seen in the Merlin-1 well bodes well for the potential at Project Peregrine and we look forward to providing the results from the laboratory analysis over the coming weeks," Managing Director David Wall said.