PCL 6.25% 1.5¢ pancontinental energy nl

Have to say that USD1.5-2 Bn for 20% does seem a tad on the...

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    Have to say that USD1.5-2 Bn for 20% does seem a tad on the low-side for a near-term oil development of the scale of Venus. Image below is from a while back when they thought recoverable resources were much smaller than they are now. May not be overly accurate, so take it with a pinch of salt, but this graph now needs to be extended at least 10 times further right (and up) than it currently plots.

    A lot to be said about getting out early though. Appraisal wells have killed fields before...

    https://hotcopper.com.au/data/attachments/4371/4371198-07d4f3ab5f36224ff853ac342fb8b1c3.jpg
 
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