I was indeed taking into account the cost of the seismic and analysis, hence the "total comparable spend" with WDS comment. USD$35 million or about $54 million AUD. I like the idea as a minimum of 2 fully funded wells, retaining 20% along with a cash kicker. A fair bit of news is due, with analysis and possible joint venture partner. I would love to see PCL do something similar to GALP, with a set end date for offers, as we really are starting to push time frames somewhat. AIMO
PCL Price at posting:
1.1¢ Sentiment: Buy Disclosure: Held
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