PCL 0.00% 1.9¢ pancontinental energy nl

timing for getting a drilling rig to drill , page-8

  1. 498 Posts.
    Yes, it's a huge amount of oil. I'm glad someone else at last has noticed.

    Initial seismic results were good and now looking forward to finalising the processing of the 3D data.

    From an ealier post, quoting Upstream...

    "Over the next year Origin said it planned to spend about $170 million on oil and gas exploration activities, targeting prospects in Australia, New Zealand, South-East Asia and Kenya. "

    So, is this a no-brainer? Looks like there will be a well some time soon. I assume that PCL what with having no income stram will have to give a good bit away. But, hey, 10% of a well this big is stil la massive prospect.
 
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