Providence Resources (AIM: PVR )
PVR believes that a proposed horizontal well could deliver an initial production of about 12,500 bopd.
One broker’s view is that this will be a significant achievement and establish a platform for explosive hydrocarbon production growth. The announcement has further highlighted Barryroe’s Basal sands prospectivity, and with further work imminent in order to better quantify any remaining resource potential and hydrocarbon in place estimates in the licence area, investors can look forward to further…
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