Ann: Half Yearly Report and Accounts, page-63

I agree that the reward could be as big or even bigger, but you cannot compare the pre-drill risk between Venus and Saturn. Venus has a seismic AVO response that is fit-to-structure, and it is on 3D seismic; a very encouraging Direct Hydrocarbon Indicator. I have not seen any Saturn DHI in any published PCL material (?). And it is still only on 2D. A report by a "competent person" would likely have Saturn in the low-to-mid teens % COS I suspect. But at the scale we are talking, that just might be enough to warrant investment.

No doubt Saturn risk has come down since Graff and Venus, but I can't remember seeing PCL publish their COS for Saturn and/or its individual leads? Anyone?