qpn - forum, page-21

Hi,
I am not sure if this will put anyone at ease, but i will post an email response from johnathan 7days ago - might explain the delay:)

In terms of update, the team in Indonesia have been conducting some review work on the gravity data but have also discovered some 60 line kilometers of existing seismic which Quest are buying and reprocessing. The seismic covers some previously identified structural and gravity highs and potential drill targets which aren’t mapped solely on gravity and do not have volcanics etc that may interfere with the data on which the targets are based. We are just trying to minimize risk profile of the drill targets before committing the funds to drill a well, which are obviously material.

Once again apologies for the delay, the technical guys have been working hard in the background but that hasn’t translated into market news.

Kind Regards
Jonathan

Jonathan Whyte
Company Secretary
Peninsula Energy Limited