PGY 0.00% 1.9¢ pilot energy limited

.1 cent, page-24

  1. 228 Posts.
    One of the big make or breaks is sometime before Oct, or October at the latest. That is when Statoil either drill their offshore permit or drop it. They are next to us and have spent some coin on siesmic or whatever other analysis. If they drop after spending all that money = bad for us. If they decide to spend the big bucks on drilling = good for us. Its definately one of our biggest potentials of all our permits with up to 1.5billion barrells of oil or 10TCF of gas (thats alot) Pilot then have 12 months to get drilling themselves or drop the permit. Now is definately time to be patient a bit longer imho. Pilot management clearly are taking a wait and see on that one, and boring maybe, annoying for the impatient, but its definately the smart thing to do on a tight budget
 
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