RE: RNS: 450 million barrels of oil29 Jan 2018 07:17
The initial results from the 3D seismic acquisition are a watershed moment for the Company, with the identification of multiple highly prospective, relatively low risk drill targets with a COS of 56%, on our Paradox Basin acreage. We believe this area represents a highly attractive drilling proposition, supported by excellent quality data that exhibits multiple drilling targets analogous to the structures of previously successful wells, to the south of our acreage.