Ann: Woodside Enters Into Exclusive Option on Namibia PEL 87, page-104

Hi beko,

In 2014 it took 3 months for the 3D seismic survey to be completed over 3000sq kms in PCL's former PEL37 block in Namibia.

They then fast tracked the processing and interpretation of the results over the next 3 months.

This indicates and as per the WPL announcement, that:

The 3D survey to start late this month, then results delivered to PCL by mid year 2023.

Then up to 6 months to process and interpret the 3D results, at end of which WPL will decide to farm-in or not.

So it appears a farm-in decision by WPL around December this year!

If they do, then the real excitement will begin next year as we all speculate when the drill will proceed.

Plenty of time for a punt on PCL it seems!

PS. Whoever it was that had the advance info on WPL yesterday, my apologies for taking the p**s!

PCL, the O & G battler that always seems to land on its feet!!