Henry Aldorf, CEO of Terra Nova, stated, "Although there were no hydrocarbon shows, the well proved the existence of the Mid-Birkhead channel system in PEL 444.These results will be included to improve our exploration model. The experience in the Cooper Eromanga basin has shown both wet and Hydrocarbon filled channels can exist in close proximity to each other. We have plans, once this model is updated, to review other targets in the existing 3D covered area, which is only a fraction of PEL 444.
Continue drilling might be possible if it only takes a few days/weeks to update their model (does anyone have any idea how long this could take ?)...Drilling after newyear would be fine by me !
News 
Market Data 
Discover 
AI
