PCL will needs capital moving forward. Any extra penetration in PEL 37 field won’t have a free carry and PCL will be required to fork out their share. Also, they need 3D over PEL 87 to lure any big oil to farm in. It’s got some good acreage but need a big capital injection and it will be very slow ride from here as potential triggers for any SP action seems to be far away.
There is a possibility of 0.002 entry as I think the next CR would be at that levels.
My 2 bobs worth.
AIMO.
Good luck to all still here and I sincerely wish no one looses any money on this one. Hope you all recover on your positions in future.
Ann: Cormorant-1 Exploration Well in PEL 37 Offsh Namibia Result, page-81
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Last
2.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $186.7M | |||
| Open | High | Low | Value | Volume |
| 2.3¢ | 2.3¢ | 2.3¢ | $15.09K | 656.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 18 | 3656111 | 2.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.3¢ | 320224 | 1 |
View Market Depth
| Last trade - 15.34pm 14/06/2024 (20 minute delay) ? |
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Last
2.2¢ |
Change
0.000 ( 4.35 %) |
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| Open | High | Low | Volume | ||
| 2.3¢ | 2.3¢ | 2.2¢ | 908136 | ||
| Last updated 15.59pm 14/06/2024 ? | |||||
| PCL (ASX) Chart |