KEY 0.00% 0.1¢ key petroleum limited

From BRU's release today regarding the Cyrene-1 in the next...

  1. 2,429 Posts.
    lightbulb Created with Sketch. 27
    From BRU's release today regarding the Cyrene-1 in the next couple of months:

    The conventional target in this well has the capacity to hold in the order of 5 million barrels of recoverable oil, if hydrocarbons are present. Importantly, the conventional play type being targeted in this well is interpreted as being extensive throughout the area based on seismic and historical wells data. Therefore a success at Cyrene-1 provides a strong likelihood that a regional conventional oil play may be able to be developed.

    Extensive in the area? Should see a derisked prospectivity premium on top of our share of the oil on a success case. No doubt a report would follo outlining this extent and future drilling prospects.
 
watchlist Created with Sketch. Add KEY (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.