PCL pancontinental energy nl
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Wonder if the issue is the prospective recoverable resources at...

  1. Fatporka
    1,125 Posts.
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    18/03/25
    10:32
    Post #: 78306752
    Wonder if the issue is the prospective recoverable resources at 1U/2U? It would require significant capital to develop these wells, combined processing a potentially high quantity of gas and there being insiginificant gas processing capacity within Namibia? For instance look at Woodsides senegal project. They sunk $5B USB into this, which when FAR owned the project it had Best estimate resources about 20-25% higher than this Namibia project (see below).Additionally, the probability of success for pretty much all wells were a fair bit higher.

    https://hotcopper.com.au/data/attachments/6881/6881166-072150a6c094a644fadd6d9c9f222af3.jpg
    PCL Price at posting: 1.7¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch. 1  Great analysis
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