• The Perseverance #1 well encountered oil, validating the structural model and the petroleum system, but did not encounter oil in commercial quantities. The well drilled the majority of the potential reservoirs of interest and the reservoir properties were very good.
• While the drilling results were disappointing for the B North prospect, the company believes that the presence of (1) oil in good reservoirs and (2) a good seal derisk the B South prospect and the C structure and could improve th ....
17 Feb 2021
Bahamas Petroleum Co. plc (AIM: BPC): Looking beyond the Bahamas
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Bahamas Petroleum Co. plc (AIM: BPC): Looking beyond the Bahamas
Challenger Energy Group PLC (CEG:LON) | 0.2 0 11.9% | Mkt Cap: 16.8m
- Published:
17 Feb 2021 -
Author:
Stephane Foucaud -
Pages:
5
• The Perseverance #1 well encountered oil, validating the structural model and the petroleum system, but did not encounter oil in commercial quantities. The well drilled the majority of the potential reservoirs of interest and the reservoir properties were very good.
• While the drilling results were disappointing for the B North prospect, the company believes that the presence of (1) oil in good reservoirs and (2) a good seal derisk the B South prospect and the C structure and could improve th ....