“I think you are mistaken here. PCL was never in Walyering. Strike bought out the permit holder UIL and Talon farmed in. PCL was never in the permit. PCL was in Jingemia a CL sold out early their 1.75 interest for $720,000 when the oil price was quite low and on analysis got a pretty good price at the time.”
I was simply replying to your post above when you said “PCL was never in Walyering”. Whether they pulled out or agreement with STX was terminated is irrelevant! The agreement with UIL was orchestrated by John Begg. Begg left PCL and I suspect that the old guard at PCL simply wanted to focus on Africa. Also recall that PCL was, as usual, tight on money and presume didn’t want to fork out the money for the seismic. Anyway all in the past now.
PCL Price at posting:
1.9¢ Sentiment: Hold Disclosure: Held
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