I will go further than you OG and predict 10's of Billions of Barrels. Calculating the width and the length of the designated area under 2D and applying a porosity of 18%(which I think will be close to the mark) ..... I have done in a much earlier post, given the flow rates of Galp and Total. Data from the drilling of the Chevron well and ENI will confirm or renounce that figure. Barry's presentation at an AGM in approximately 2019, I was there and witnessed his statement, that PEL87 was of a magnitude to rival the Saudi Ghawar monster field and he said you don't get anything geologically better that this as it is a Classic River Delta formation. I am also of the opinion that there is a possibility of wider reservoir possibilities outside of the channel system you have identified and that is why WDS widened the 3D seismic area ..... I think that their analysis of our PCL data when they were considering the bidding for joining us in PEL87 ..... excited their experts. Our biggest drawback is the delay caused by the failure of PCL management to comply with the contract with WDS. WDS may elect to draw out the announcement till much closer to May 18th. I find that prospect disappointing to say the least.
PCL Price at posting:
1.8¢ Sentiment: Buy Disclosure: Held
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