"PCL have finally stepped in and resolved the impasse for Woodside." I don't understand this statement at all. From the September 2024 Quarterly "The long stop date by which Woodside Energy must exercise its option to farmin to PEL 87 will be 180 days fromthe date upon which Pancontinental delivers to Woodside an instrument in the form of a Seismic License"
It has never been up to Woodside to obtain the seismic license but for PCL to obtain it. How has PCL now stepped up? It was their responsibility from day 1.
What impasse has been resolved? Please what information do you have that no one else does, especially as PCL won't even take shareholder queries anymore.
"For all the teeth gnashing, the team at PCL have got this in hand, as I repeatedly have said on this forum." What is in hand - there is no seismic license and no indication of when there will be one. As you say, you have repeatedly told us PCL have got this in hand and yet we have nothing but empty hands.
All we can do is wait and see what happens this week. Hopefully an announcement re seismic license. I don't think the BOD is looking forward to the AGM without something positive. Strange timing isn't it - AGM in a few weeks and PCL in Namibia to hopefully finalise the seismic license. Finally getting off their arses or is it just a coincidence.
PCL Price at posting:
1.5¢ Sentiment: Buy Disclosure: Held
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