Thanks Geo,We should also consider that whilst Woodsides exit...

Thanks Geo,
We should also consider that whilst Woodsides exit feels like a massive blow to our investments, Pancontinental DONT HAVE another project to fall back on.
If BOD cant get this off they ground, they are out of business.
Having said that, I see a worse case scenario here of 1 maybe 2 drill program, targeting Oryx, Hydrax similar to Tullow in Pel37.
Even leading up to a dry hole scenario, we should be multiples of current sp.
(Noting i have not factored a discovery)
Pel87 is just too good an opportunity to sideline and my view, in the weeks to come, we will be sharing notes with multiple majors and based on historical activity in the Orange Basin, namely on majors snapping up slices of new opportunities as they have become available, tells me theres going to be lots of interest
In any case, my sentiment is strong buy