PCL pancontinental energy nl

Ann: Half Yearly Report and Accounts, page-5

  1. 5,291 Posts.
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    Adding to these new observations (i particularly like the 'maturing a number of secondary intra-Saturn leads' section); is pg.20, section 8 (Commitments for Exploration License Expenditure (Contingent Liability) - outlines some interesting aspects relating to 'work commitment to drill one exploration (or, if a drillable prospect is not identified, acquire either 500km2 of 3D seismic data or 1000km of 2D seismic data) - I'd not seen it articulated like that before, but maybe I'm wrong. With anyluck, we wont need pursue this clause.

    Certainly not giving much away..., but looks like within the next 8 weeks we can look forward to:
    - Prospective estimates for Oryx & Hyrax + chance of success.
    - Possible other matured leads > prospects.
    - WDS Farm-in confirmation (the biggie)

    Lets hope the entire global economy does not implode during that time....
 
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