The Red Cave Project
Red Cave Project
- P&F acquired 5100 acres in October 2018 and signed a Joint Participation with Longboat Energy in April 2020 that brings the acres of the project to 14,000. Other negotiations are under way to develop further potential leases for the Company.
- P&F has drilled 3 wells and undertook a major coring evaluation to provide extensive knowledge on how best to develop the project.
- P&F strongly believes that science and technology are the most important factors to maximize the value of the entire asset.
- Our goal, from the beginning, was to try to increase the daily production and make flatter the decline curve.
- The Company used excellent partnerships and the BEST possible laboratory and chemical companies available to reach the goal of transforming the Red Cave formation into an outstanding target for economic growth.
