Thanks Rooey, good update and appreciate you attending....

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Drswing

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30/11/22

14:32

Post #: 65074237
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Originally posted by rooey: ↑

OK here it is:

Fisrtly let me say that these guys are old and by old I mean old. I am not being ageist, just goes to explain some things I write below.

1. Communication is crap because they are old school and don't talk or inform unless there is news
2. They treat potential partners with respect and don't like social media or stories that get out via hotcopper to get back to potential partners
3. Namibian Govt are very relationship focused and don't take well to news and rumours being on the internet before they even know or agreed.
4. Extention, Farminee and 3D are alll tied up together and they are hopefull it will all come together but its a juggling act
5. They have spoken with Total, Shell and Cheveron
6. They have almost got a 3D company on board that will assist in any deal
7. Any deal struck will pay for 3D and drill and they hope to retain 20%
8. They reckon saturn complex has 1billion plus recoverable
9. They addressed 5 or 6 questions from an email that was sent to them form a hotcopper person
10. They say we have a terrific future and hope for many multiples of SP if it all comes off

Basically these guys won't say anything unless a deal is signed and are sorry that things have taken so long but covid had a big impact. It is only recently that people have approached them due to recent discoveries so things are looking good.

I am holding as it does appear a deal may get done but we won;t know anything until it happens. How ling that will be is anyones guess.

Cheers,

Rooey

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Thanks Rooey, good update and appreciate you attending. Certainly adds some context.

PCL Price at posting: 0.6¢ Sentiment: Hold Disclosure: Held
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