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+--- Thread: Ambitious PNG drilling plans; PRE getting attention (/showthread.php?tid=3414)
Ambitious PNG drilling plans; PRE getting attention - Palm - 04-18-2013
PRE is starting to get more and more attention with their comments on their IOC farm-in and excitement on what they see
Thursday, 18 April 2013
COLOMBIAN oil producer Pacific Rubiales Energy (PRE) has revealed plans to spud two wells in Papua New Guinea’s Gulf province in the December quarter, followed by another seven PNG wells in 2014.
Pacific Rubiales Energy has revealed plans for 7 PNG wells in 2014.
Prospects of interest. Map courtesy of Pacific Rubiales Energy.
PRE recently earned a 10% stake in InterOil’s petroleum prospecting licence 237 which hosts the Triceratops field but will earn a much bigger say in this licence if its drilling plans materialise.
A slide in PRE’s Investor Open House presentation this week unveiled plans to spud one PNG well in the early part of the December quarter and another towards the end of this period.
This slide revealed that one would be drilled in the Triceratops field while the other would be spudded in the Raptor prospect of PPL 237.
In a separate slide on PRE’s exploration drilling plans up to the end of 2017, the oil producer charted up that seven wells would be drilled in PNG during 2014, with these wells presumably all destined for PPL 237.
How it will source rigs and other associated equipment and services for such an undertaking is not clear at this stage.
Another slide placed other targets of interest on a PPL 237 map which included the Duro, Criolla and Sloppy prospects.
Click here to read the rest of today's news stories.
RE: Ambitious PNG drilling plans; PRE getting attention - Tree - 04-18-2013
Another anonymously authored article and planted with an agenda!! Clearly a cut and paste effort stolen directly from SHU IOC.
http://shareholdersunite.com/mybb/showthread.php?tid=3397
The least they could have done was to credit Pet, Hemi and Maui and maybe have put in a link to SHU IOC. Amazing they left out the Maui's mention of my next 3 wives.
RE: Ambitious PNG drilling plans; PRE getting attention - Gator - 04-18-2013
In Papua New Guinea, the 2012 Resource Report covers the Company’s working interest on one
block (72 thousand net acres), containing four exploration opportunities (three prospects and one
lead) with a best case total gross Prospective Resources of 330 Bcf of natural gas (56 MMboe)From PRE:
The remaining Contingent Resources of are in Papua New Guinea PPL-237 containing 2.4
MMboe comprised of approximately 13 Bcf of natural gas and 0.3 MMbbl of natural gas liquids.