Corp, this is just the building of momentum, as your initial post on this thread was timely,I've heard today a certain investment house is now positioning private clients into PGS pre-drilling.
With SXT/Orica deal announced today further highlighting the potential in the Cooper Basin. PGS offers exceptional leverage (via attractive SXY farm-in – not going to repeat terms) holding a 20% stake in PEL 514 (around 500,000 acres) & is not only a proven western flank conventional oil play (which these first 2 wells to be drilled by SXY will be targeting) – PEL 514 also holds major conventional/unconventional gas potential > go back & have a look at the "right next door" thread regarding Paning-2 results. As SXY stated (re: Paning-2):
"This is one of the most significant results to date from deep coals within the Cooper Basin"
I’m confident that current holders will be in for a great ride in the next few months as finally the ball starts rolling with PGS…..GLTA
PGS Price at posting:
2.8¢ Sentiment: Buy Disclosure: Held
