I hope it work out for you mate but given the current environment things won't be easy. Correct me if I'm wrong but they will be drilling a wildcat exploration well. Very high risk. Not a good combination in today's low OP environment. I would think if they are looking for full payback of costs they might have another few years to wait for that.
If Tullow want an extension will they grant it maybe until end of 2017?
I think they would because options would be slim and it could be a long wait for holders before a drill gets done on their acreage. I need to read through some old presentations I don't know too much about PCL to be putting any money in there. Lots of patience required I think.
PCL to merge with FAR?, page-11
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Last
2.5¢ |
Change
0.001(4.17%) |
Mkt cap ! $194.8M | |||
| Open | High | Low | Value | Volume |
| 2.5¢ | 2.5¢ | 2.4¢ | $2.225K | 90.98K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 3424168 | 2.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.5¢ | 8803234 | 18 |
View Market Depth
| Last trade - 10.10am 22/05/2024 (20 minute delay) ? |
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Last
2.5¢ |
Change
0.001 ( 4.17 %) |
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| Open | High | Low | Volume | ||
| 2.5¢ | 2.5¢ | 2.5¢ | 501666 | ||
| Last updated 10.40am 22/05/2024 ? | |||||
| PCL (ASX) Chart |