Buccaneer Energy Plc (AIM:BUCE) CEO Paul Welch talked with Proactive's Stephen Gunnion about the company’s latest operational plans in East Texas, particularly the upcoming drilling of the Allar #1 well in the Pine Mills Field. Welch provided an update on Buccaneer’s progress in the Fouke area of the field, noting it was discovered through a reinterpretation of 3D seismic data and had already yielded two producing wells. He said, “We're going to drill a well that'll come in at 124 barrels a day, and we have a third of that well, so our net will be 40 barrels a day.” With the company currently producing around 150 to 160 barrels a day, this new well could push total output above 200 barrels a day. He also highlighted the strong economics behind the development, citing low operating costs of under $5 per barrel and a potential internal rate of return above 300%, with a projected payout in under six months. The company also plans to monetise associated gas from the area through a Bitcoin mining operation, targeted to start in Q1 2026. For more videos from Proactive, don’t forget to like this video, subscribe to our channel, and enable notifications so you never miss an update. #BuccaneerEnergy #TexasOil #OilAndGas #EnergyInvesting #BitcoinMining #EastTexasOil #OilProduction #PaulWelch #ProactiveInvestors #Allar1Well