Well put, those who are complaining need to figure out whether they are investing or gambling, as the Booth-1 well shows in the Perth Basin.
I think this was Triangle Energy's first operated well with some great numbers to justify the drilling, previously they had announced Xanadu-1 as a discovery which was quite premature and streching the definition of the word! They bought the Cliff head field, but have done nothing to exytend the life of the field, which was presumabaly the carrot for shareholders and they have been promisng to explore around the Cliff Head field for over 8 years !!!
They were still spruiking the Xanadu-1 oil show years after it was drilled as a discovery. Spare a thought fore the TEG shareholders as they now contemplate life below 1c.
PCL has great permit in Namibia. And we have a lot of targets in a very hot basin.
GLTAH
PCL Price at posting:
1.4¢ Sentiment: Buy Disclosure: Held
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