• The Hercules drilling rig is expected to reach Walvis Bay around 4 November and reach the first drilling location at PEL83 (operated by Galp) by mid November. • On completing the first well the rig will then move to the second drilling location – if results merit, the second location may be drill stem tested. • The drilling programme is targeting the Mopane complex located at the southern end of PEL83 with an estimated mean oil in place up to 10 bnbbl. • Assuming 30% recovery factor, this impl ....