SEAOIL Hikes 2.70% After Reporting the Highest Average Monthly Oil Production
SEAOIL Hikes 2.70% After Reporting the Highest Average Monthly Oil Production in Suphan Buri
As of 11:30 am local time in Thailand, the share price of SEAOIL has increased by THB 0.15 or 2.68%, the highest is at THB 5.80 and the lowest was at THB 5.65 with a trading value THB 4,725,000.89. An increase of SEAOIL’s share price might be the effect of marking the highest average monthly oil production ever achieved in Concession L53.
SEA OIL Public Company Limited (SEAOIL) has been informed from Pan Orient Energy (Siam) Ltd. (POES), a subsidiary company holds 49.99% and SEAOIL has verified the information that the oil production from its concession L53/48 in Suphan Buri province averaged more than 2,000 BOPD in May 2019.
POES has already prepared to drill another 1-2 exploration wells near the vicinity of the L53-DD oil field. One exploration well and one appraisal well will be drilled from the L53-B field. Drilling is anticipated to commence in August 2019. POES plans to drill another 3-4 exploration wells in the region of the L53-DD oil filed in late 2019 to early 2020.
