red hot kenya, page-11

Hi Wasa,

After all, HRT's first drill was giving/inspiring confidence for the Walvis Basin.

Agree Wasa, Wingat drill finding oil, altrough not commerical with reservoir issues, has pricked the ears of O&G industry. PCL hope/think they have got the reservoirs the walvis basin has thus far been unable to produce.

See,

http://www.pancon.com.au/investor-centre/broker-reports/reports/230713.pdf

Page 3,

Diagram EL0037,

You can see the slope basin floor coming back at the shelf fault. Resovoir??, the old story, only drilling will answer this question.

PCL in farm down talks and chasing a major.

Hey Wasa,

I remember when PCL held a reconnaissance licence in Namibia, you were very bullish to get Namibia signed, seal and delivered. It appeared that our board was very bullish too, by putting their hand up for more, but believe they were told not to be to greedy:-), as you already have a massive fill, with 17,000 sq klms and you got a free look with your reconnaissance licence (which don't exist anymore).PCL first choice, EL0037.

Enjoy,

Shovel.