PCL 5.56% 1.7¢ pancontinental energy nl

Perfect storm, page-203

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    I want to say, although Pcl has to get a farm out first, second Pcl needs a discovery, and Pcl should think about the $ 100 million appraisal cost as well for maximising the monetizing of the possible Saturn discovery, third, because Pcl does not have an oil bulish shareholder with deep pockets (Aoi) as impact - as much as I know. But perhaps Pcl can combine the first with the third point already now.

    My interpretation of the Venus sale is that the South African billionaire impact shareholder would like to sell ASAP but they had realised that they need the appraisal wells to maximize the price for the Venus sale.
 
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