Whether sooner or later, if you are consiering selling, just make sure you understand the magnitude of potential here. Should we make a discovery, for every billion barrels we uncover, PCL's share price will value at around 12.5 cents. Thats at $5 per barrel. If 2d estimates are already in excess of 10 billion and 3d concludie the same, well ill let you do the math.
i do enjoy speculating but if reserves are close to accurate, the rest is math.
1 bill barrels x $5 = 5 bill x 20% = 1 bill ÷ 8 bill shares = 12.5 cents
happy to be corrected
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Last
1.2¢ |
Change
0.001(4.55%) |
Mkt cap ! $93.72M | |||
| Open | High | Low | Value | Volume |
| 1.1¢ | 1.2¢ | 1.0¢ | $57.92K | 5.282M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1096517 | 1.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.2¢ | 6194756 | 13 |
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| Last trade - 15.55pm 25/07/2025 (20 minute delay) ? |
| PCL (ASX) Chart |