From BPT site re VIC/P46 "It is planned to acquire 3D seismic in early-2007 prior to choosing the best prospect for drilling in late 2007, subject to rig availability" However, Macquarie Conference release from BPT on 4 May has drilling FY 08 in regard to VIC/P46. So not sure it is a typo.
Also, from BPT site "A permit wide gravity survey was acquired in PEL 72 in early 2003, and a 2-D seismic survey in 2004. The results of this work are being analysed and will be used to re-assess the prospectivity of the permit." What happened in relation to this prospect? EPR just states "Nothing to report".
Anyway, something appears to be going on. Maybe to do with the Bernoulli 3D seismic survey, or a farmin for VIC/P50 or the permit for PEP150? Or are investors just getting set for the VIC/P46 spud in 2008 (or 2007 but don't think so)? Noticed BPT had good day on Friday too!!
EPR Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held