For the sake of the numourous posters who keep fretting about a takeover of PCL:
The only asset with any value at the moment is the 3D survey which was paid for and owned by WDS.
A takeover of PCL at this point online gets you PEL87 (and only if the transfer is approved by the Namiba Govt)
A takeover company needs to wrestle ownership of the 3D results from WDS, or pay for another 3D survey yourself ($35+M USD)
PCL cannot sell the 3D results to another company. They only have access rights.
WDS are the only potential threat in terms of takeover but thats another discussion.
Ann: Completion of PEL 87 3D Seismic Program, page-284
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