Lots of newsflow to come.9 Nov 2019 14:17
Hi All,
We have quite some news to come. Suhail talked about which news we received yesterday in the form of the Sundagas Timor-Estse news and from looking at my research notes it is clear that it is the in addition part of the sentence below as it is an offshore gas field so there is another deal in the SE Asia Block which has been worked by SundaGas since 2016.
Colter South Prospect where a review of the seismic data and mapping is underway to improve the imaging of this complex area.
- As indicated at the AGM, the SE Asia block application, made by SundaGas in 2016, is being actively pursued. In addition, the Company continues to review a significant offshore exploration opportunity in SE Asia that has arisen through Baron's established relationship with SundaGas.
- Progress the search for a drilling partner for Peru Block XXI.
- The two new licences in the IMF, offshore Scotland, include an exciting and potentially significant new exploration area. Our initial work commitments consist mainly of 3D seismic reprocessing. We have already identified substantial prospects in the acreage and expect that the reprocessing work will enable us to define at least one near-term drilling location.