Whilst Palta does its thing and we await news the next gig for...

Whilst Palta does its thing and we await news the next gig for Cott is drilling of the Chamois Oil Field, discovered in 2000.
Going from an old CMT presentation...
Chamois prospects independently verified at 10mmbbl
Cotts share (12.3%)
Cott estimates upside to 20mmbbl, Cott share 1.2-2.4mmbbl
Hydra as operator

I understand the target sits in around 40m of water with TD arond 1000m, should take around 10 days to drill.
Chamois appears to be a fairly low risk drill that has good potential to achieve early cash flow.
I expect they will announce a firm timetable for drilling sometime in the next few weeks