BUY released an update today - the relevant PEP11 part :
"Full follow up work on the data gathered from the New Seaclem 1 well is ongoing. The partners in PEP 11 (Bounty and Advent Energy) have been advised that their application to the Joint Authority to revise the Year 6 work programme to include geological and geophysical studies as well as planning for new seismic acquisition has been approved.
Future Work: Following post well studies the joint venture will prepare for 3D and/or 2D seismic acquisition in preparation for the drilling of a second commitment well."
Nothing new but things are chugging along.
GBA Price at posting:
11.0¢ Sentiment: Hold Disclosure: Held
