The value of the PCL shares in my opinion depends on the volumetrics that the 3D seismic indicates and then the drill bit verifies IMHO. If .......... and it is a massive if ........... Barry's assertion that the Saturn Super Fan is analogous to the massive Ghawar field in Saudi Arabia ...... then valuations in the cents per share are grossly short of the mark. Whether PCL can ever achieve anything near true value is another point and isn't that why we employed that mob giving them 60 million shares to achieve. One of the big things that I personally want from the AGM is a report by Barry on his interpretation of the 3D seismic results so far. I am of the opinion that the 40 Billion comment was not a glib throw away line ...... I am of the opinion that Barry is the one with the best knowledge of the structure of the Saturn prospect and I will be strongly influenced by what he has to say at the meeting ..... both in presentation and in talks after. I fly out to WA Monday morning to stay with friends and to scope out where the meeting will be held and to make sure that I am able to get to the meeting well ahead of time. I have already voted in the manner that I indicated in an earlier post.
PCL Price at posting:
1.7¢ Sentiment: Buy Disclosure: Held
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