PVR Drombeg drill20 Aug 2017 03:01
With a successful PVR Drombeg drill result, & resulting read-across to EOG,........1.1 billion boe in Beckett & Shaw (Cretaceous Fans at the same
stratigraphic level as Drombeg), will be de-risked (page 14 in link below).
On page 10 in link below, it shows FEL 3/13 (Wilde, Beckett & Shaw),
Status: Drill Ready,
Next Steps: Seek farmout partner for drilling.
Source: http://www.europaoil.com/documents/2017newcorpv7_000.pdf
The present Market Cap £17.71m, appears to be, already pricing a Drombeg Duster in,...when looking at Holmwood on the horizon, Wressle, etc.(imo)
If EOG only had, Holmwood & Wressle,..... I would be comfortable with my EOG shareholding here,.....as far as I am concerned, Corrib, PVR Drombeg drill success & read-across to Beckett & Shaw, along with the other assets, are in for free.
BW