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1.5¢ pancontinental energy nl

Ann: Cormorant-1 Exploration Well in PEL 37 Offsh Namibia Result, page-69

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agentm

8,340 Posts.

200

24/09/18

14:33

Post #: 35801771
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Originally posted by jophda ↑

John Beggs took a paper loss of around $770,000 today on his shares and his .6 cent options will be lucky to be worth anything before they expire .
Those calling inside trading are not dealing with the reality of what has happened .
The share sale occured before they drilled any targets .
Before drilling into the target sands the signs were promising .
Read the announcement carefully .

The only foreknowledge he had was the same as all investors had .
The well was a Wildcat with a much greater chance of failure than of success .

Those calling a dry hole had the odds very much in their favour .

We are all disappointed that the well did not find commercial oil or gas but we should not be surprised .

Sold out today but have a buy in at .2 cent as I think things will be quiet for a while .

gltah

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Sale of shares $522,640
Exercise of options $264,000

is that correct?

PCL Price at posting: 0.3¢ Sentiment: None Disclosure: Not Held
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(20min delay)
Last 1.5¢		Change -0.001(3.23%)		Mkt cap ! $121.9M

Open	High	Low	Value	Volume
1.6¢	1.6¢	1.5¢	$24.16K	1.598M

Buyers (Bids)

No.	Vol.	Price($)
29	9288986	1.5¢

Sellers (Offers)

Price($)	Vol.	No.
1.6¢	2784680	8

View Market Depth

No.	Vol.	Price($)
29	9288986	0.015
13	8002092	0.014
11	2539514	0.013
10	6791666	0.012
8	2422544	0.011

Price($)	Vol.	No.
0.016	2784680	8
0.017	4347318	6
0.018	7374008	7
0.019	3537631	6
0.020	2298803	8

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