I was at the 2018 AGM of PCL where Barry Rushworth made a presentation about PEL87.
He described it as a unique Classic Fan deposition of mammoth proportions.
He said it was potentially of the same size as the Saudi Ghawar Oil Field.
The Ghawar field is thought to be about 120 Billion Barrels and approximately 60 Billion Barrels has been harvested.
I am not a geologically trained person, but he is and he has spent a large portion of his working life analysing the Namibian geology.
Given the data that he presented and the enthusiasm that he displayed in the presentation then I understand where Iain got the 40 Billion Barrel number from and Barry and perhaps Iain may consider that number to be conservative given the material they have been studying and have access to.
I am posting this material to inform shareholders to lift their thoughts to consider that we may own a share in something life changing beyond our wildest dreams.
I am not buying and selling but I'm locked in .... do your own research and get investment advice which is relevant to your own investment strategy.
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