Beans
Can't figure your $1.00 per share for PCL if the Huinga well successful. Post seemed like a ramp to me and I hold PCL - they have only a 6% interest in this well. I have done some research and the best I can come up with is that success in line with pre-drill estimates might mean 10-15 cents per share - but I would be happy for you to convince me otherwise. The previous unsuccessful Waingomira well would have been worth about the same to PCL (it was a gas prospect but they had 33%).
Doc
The Huinga well didn't find sandstones at predicted depth, but they have recalculated the depth and are going deeper for 2 different formations at around 4290 and 4390. Currently they are at 4145, so Monday could be interesting.
Cheers
H
PCL Take Two, page-4
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1.6¢ |
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Mkt cap ! $130.1M | |||
| Open | High | Low | Value | Volume |
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