"Water depths across PEL 87 range from approximately 500m to over 3,200m."
"Technical work completed since the commencement of PEL 87 includes numerous geological and geophysical studies, largely based upon the 2,800 line kilometres of legacy 2D seismic data. The STC was defined during these technical assessments. Saturn is thought to be up to 300 metres thick and encased by thick, competent shale units - including the Kudu oil shale source which lies directly beneath."
"The acquired seismic "field data" is presently being processed by primary processing contractor CGG, with the final Pre-stack Depth Migration (PSDM) volume due to be received late 2023. As preliminary, interim seismic volumes are received Pancontinental is updating its interpretation of the data utilising a specialist independent consultant, and in close collaboration with Joint Venture partners."
PCL Price at posting:
1.4¢ Sentiment: Buy Disclosure: Held
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