If Woodside decide to farmin, Namcor have Woodside as partner by default. The specifics of seismic license ,whatever that may be is where Namcor seemingly arent moving. Seems as though a few believe we have progressed analysis and PCL holding off. Perhaps this is the case but remember that the Saturn fan is a huge subsea structure and multiples in size when compared to neighbors incl Galp with 10 billion barrel discovery. I look forward to announcement when we start hearing estimates on rp because you and me both are in the mindset that we may well have a monster lurking when compared to surrounding discoveries. Should that be the case, a massive rerate will inevitably follow, even before we begin drilling. i also believe we will have more insight in the next update as proven per every other quarterly.
PCL Price at posting:
1.5¢ Sentiment: Buy Disclosure: Held
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