Perhaps Woodside need to formalize some projects outside of Australia where this kind of nonsense doesn't occur ?
WDS shareholders don't like it thats for sure, however maybe they will like WDS opening up a massive play in the Namibian basin?
https://jamesmacpherson.substack.com/p/spirit-whales-hold-up-australias?utm_source=post-email-title&publication_id=818792&post_id=141264531&utm_campaign=email-post-title&isFreemail=true&r=2n5w9e&triedRedirect=true
In line with their 'disciplined capital allocation plan PEL87 would need to provide a IRR of 15% or greater within 5 years. When they farm-in we know WDS believe that that PEL87 meets this criteria.
Expecting some positive news next month on a farm-in announcement and a rig booking BEFORE the Africa Energy Conference in London in May 2024.
I pinched this from another thread but my feeling is PCL shareholders are positioned exactly in the right place at "take Off' in the Stealth Phase'.
The next few weeks will confirm that.
Once the farm-in announcement is out, the work Iain Smith has done selling PCL to SI's will payoff and the SP will rise accordingly.
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Last
1.2¢ |
Change
0.002(20.0%) |
Mkt cap ! $97.63M | |||
| Open | High | Low | Value | Volume |
| 1.0¢ | 1.2¢ | 1.0¢ | $81.52K | 7.447M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 44042 | 1.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.2¢ | 6972636 | 12 |
View Market Depth
| Last trade - 15.59pm 27/06/2025 (20 minute delay) ? |
| PCL (ASX) Chart |