Because they don't have to report and disclose every tiny bit of information by a certain time. As they have said previously, in the Euroz presentation in September:
Joint Venture received early “fast track” Prestack Time Migration (PSTM) dataset in August 2023, from acquisition contractor PGS
Data is of excellent quality – significant uplift from legacy 2D seismic data
Three further datasets will be received over coming months, leading to final Prestack Depth Migration (PSDM)
dataset from primary processing contractor CGG, late CY 2023
Q4 CY23: JV Decision to enter next Permit Year from January 2024 (requiring a commitment well)
Q4CY23 through Q1CY24: 3D PSDM results/interpretation/prospects & leads/prospective resource certification
180 days from delivery of final 3D PSDM for Woodside decision on exercise of option
Woodside will then assume operatorship and fully fund the drilling of an exploration well (PCL @ 20% carried interest)
Silence is painful as a shareholder but they are clearly working toward a timeframe and we just need to be patient. They have never said they will report 3D results at a certain time, they have only said fastrack result will be available by August, which according to the Euroz announcement, they were.
DYOR
Rooey..
PCL Price at posting:
1.5¢ Sentiment: Buy Disclosure: Held
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