PCL 6.25% 1.5¢ pancontinental energy nl

For the sake of the numourous posters who keep fretting about a...

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  1. 172 Posts.
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    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.



 
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