We will soon know if you are correct.If PCL can sign up another...

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Pottermore

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18/03/25

17:37

Post #: 78315624
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Originally posted by Crazych: ↑

My opinion on the resource report of PEL 87 – the report is not good, and it's clear why Woodside pulled out.
If I understand correctly, the chances on the right side of the culman are very low.
Around 20% more or less is quite low for a basin where several discoveries have already been made.

I would have expected at least one prospect with a probability of 30% or higher.
Similarly, the number of barrels in relation to a single prospective reservoir is not impressive compared to expectations—I was expecting something much, much bigger.
It seems that PEL 87 has not met the high expectations based on what has been published so far.

Sorry but this is the risk in this indstury.

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We will soon know if you are correct.
If PCL can sign up another company to drill the prospect at a better set of terms and conditions then I would think you are mistaken.
If they sign up a company and the terms and conditions are worse then you will be correct ...... simple .....

PCL Price at posting: 0.9¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 1.2¢		Change 0.002(15.0%)		Mkt cap ! $93.57M

Open	High	Low	Value	Volume
1.1¢	1.2¢	1.0¢	$103K	9.521M

Buyers (Bids)

No.	Vol.	Price($)
2	884415	1.1¢

Sellers (Offers)

Price($)	Vol.	No.
1.2¢	6911103	13

View Market Depth

No.	Vol.	Price($)
1	4915	0.011
16	12313709	0.010
21	7587022	0.009
21	5502862	0.008
9	3009691	0.007

Price($)	Vol.	No.
0.012	6911103	13
0.013	3761243	9
0.014	2326227	7
0.015	1371302	5
0.016	2000000	1

Last trade - 15.55pm 17/06/2025 (20 minute delay)

PCL (ASX) Chart

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