PCL 0.00% 2.3¢ pancontinental energy nl

Ann: ExxonMobil enters Namibia next to Pancontinental, page-5

  1. 11,871 Posts.
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    The announcement was obviously meant to show the market that their own asset is very real and they are free carried with Tallow oil next door for 20% (form memory). That gets drilled this year. The other lease is majority owned by PCL along trend. The entire area is attracting majors and that's what got FAR its big start in life.
    In the short term, we are all focused on the big one in California and that has high pressure gas. Bring on the flow rate, but there is precious little in the share price for most of their assets down here. dyor
 
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