Peel Hunt It expects drilling operations on the Anchois 2 appraisal/exploration well to commence immediately.
It expects drilling operations on the Anchois 2 appraisal/exploration well to commence immediately.
This is to be followed by re-entry of the existing Anchois 1 discovery well; both wells are planned to be completed as future producers to be part of field development.
Peel Hunt added its published risked/unrisked valuation for Anchois stands at 23p/94p, indicating the potential prize on offer in the event of full commercial exploitation of Anchois’ PHe c.360Bcf 2C gas resource.
Buy with a target price of 15p is the broker’s view.
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