RE:RE:AER application 9/27/21Energee, thanks for the research and clarification about this. Hopefully they can get a 3rd Princess well drilled and completed before year end.
energee wrote:
The SW 33 is at Princess where PPR bought/leased the Crown PNG mineral rights (at a Crown land sale of mineral rights) for the SW Sec. 33 and SE Sec. 32 for a total of $60K in November of 2020. Looks like they are now getting ready to secure the surface lease and then drill their lands. The AER application is likely just for the surface rights (a MSL is for Crown-owned surface access).
See page 5 of their June Investor Presentation. Looks like it is the surface required to drill a 6-33 surface location glauconite formation HZ well to a bottom hole at 3-29.
All good... EGee