PCL

6.25%

1.7¢ pancontinental energy nl

Ann: Management Q&A Session, page-141

First 141 Last

Share
Profile

Follow
phx

554 Posts.

234

09/08/24

15:22

Post #: 75144074
Share

Originally posted by nammuldi: ↑

i have just listened to the Q&A - totally relaxed about all the responses, as i keep posting, O&G exploration takes a bloody long time and add 50% to what u think it should and you will still be short. the seismic analysis with all the new tech and modelling has exploded the old timeframes out hugely.

the one area that interested me the most was the Seismic Licence.

So it is a unique situation which neither PCL or the Gov have had to issue such a licence and therefore properly cannot give a timeline. fair enough

It becomes irrelevant should WDS become the JV partner - ie proceed to drilling.

I find it a little cheeky though that WDS tag the granting of the licence BE linked to the setting of the 6 months decision date to opt in or out.

yes they spent a lot of $$ - but if they do not proceed to drill - what use is it. Is it theirs to sell - i doubt it becuase it is also owned by the Nam Gov and i assume PCL - so any future partner would be able to access the seismic to proceed with their analysis and hopefully then drill - so it am a bit unsure of its need?, and its link to the setting of the long stop date.

But still WDS are proceeding their analysis clearly without the licence being an issue - until it is - if they wish to leave - which then if this is the case, could this hold up PCL getting a new partner, becuase WDS will not leave until they recieve the sisemic licence. ie They might not indicate to the JV they intend to leave ( just internally) but await licence and then do so??? - a bit far fetched i know.

I did wonder why PCL would be expending $$ doing their own analysis - BUT the response by Iain that it is a contingency plan should WDS go - is i think fantastic, and anyway i guess they also become very familiar with their own targets, not just relying on what WDS might put forward and accept it out of hand.

i am still buying and how many times do you see this kind of sp thrashing - all kinds of worries appear and then one ann - and it is all forgotten and off to the races we go!!!

Expand

When the agreement with WDS was done, from everything I read at the time, the seismic license was not considered an issue.
It was just a basic formality and would be granted very soon after it was applied for.
That at least is how I understood it at the time.
I don't think PCL or WDS ever expected the seismic license to be any sort of an issue

PCL Price at posting: 1.5¢ Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

Reply

Top Stories

The market's shrugged at China's stimulus measures all year. Why is this one different?

STK

5.6g/t gold intercept at Serbia's Rogozna supports Strickland's hopes for high-grade core

KAL

KalGold rolls out detailed aeromagnetic survey across Pinjin project

The winners & losers on market if negative gearing were gone

DEG

HotCopper users muse on De Grey's denial of Agnico Eagle takeover bid – but who are Agnico?

Week 39 Wrap: What HotCopper’s watching; China’s new stimmy moves boost metals; Oz CPI drop

NAM

ACCC seeks Olam divestments before it can buy Namoi Cotton

ESR

Estrella first foreign entity to win tenements in Timor-Leste under new laws ahead of 2025 tenders

COD

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

ACW

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

There are more pages in this discussion • 31 more messages in this thread...

First 141 Last

Add PCL (ASX) to my watchlist

(20min delay)
Last 1.7¢		Change 0.001(6.25%)		Mkt cap ! $138.2M

Open	High	Low	Value	Volume
1.6¢	1.7¢	1.6¢	$44.36K	2.755M

Buyers (Bids)

No.	Vol.	Price($)
2	846381	1.6¢

Sellers (Offers)

Price($)	Vol.	No.
1.7¢	4354241	7

View Market Depth

No.	Vol.	Price($)
2	846381	0.016
12	7761523	0.015
12	9568039	0.014
16	5774230	0.013
8	5891666	0.012

Price($)	Vol.	No.
0.017	4354241	7
0.018	4831406	5
0.019	3187631	5
0.020	4172224	7
0.021	1650000	4

Last trade - 15.59pm 27/09/2024 (20 minute delay)

PCL (ASX) Chart

Ann: Management Q&A Session, page-141

The market's shrugged at China's stimulus measures all year. Why is this one different?

5.6g/t gold intercept at Serbia's Rogozna supports Strickland's hopes for high-grade core

KalGold rolls out detailed aeromagnetic survey across Pinjin project

The winners & losers on market if negative gearing were gone

HotCopper users muse on De Grey's denial of Agnico Eagle takeover bid – but who are Agnico?

Week 39 Wrap: What HotCopper’s watching; China’s new stimmy moves boost metals; Oz CPI drop

ACCC seeks Olam divestments before it can buy Namoi Cotton

Estrella first foreign entity to win tenements in Timor-Leste under new laws ahead of 2025 tenders

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Ann: Management Q&A Session, page-141

Top Stories

The market's shrugged at China's stimulus measures all year. Why is this one different?

5.6g/t gold intercept at Serbia's Rogozna supports Strickland's hopes for high-grade core

KalGold rolls out detailed aeromagnetic survey across Pinjin project

The winners & losers on market if negative gearing were gone

HotCopper users muse on De Grey's denial of Agnico Eagle takeover bid – but who are Agnico?

Week 39 Wrap: What HotCopper’s watching; China’s new stimmy moves boost metals; Oz CPI drop

ACCC seeks Olam divestments before it can buy Namoi Cotton

Estrella first foreign entity to win tenements in Timor-Leste under new laws ahead of 2025 tenders

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News