Ann: PEL 87 Project Update, page-26

Extension granted = big tick.

Other information the most positive I can remember from the Directors so another very big uptick.

" The Company will however provide interim updates as the various hydrocarbon play types identified thus far are matured sufficiently."
Together with info on Mopane
"GALP's PEL 83 prospects are thought by Pancontinental to reside in a very similar (intra-slope) setting to the PEL 87 Saturn feature, with the reservoir sands being of comparable age and sharing the same oil source formation (Kudu Oil Shale)."

Remember, the Directors are very limited in what they can say, so to be this positive is quite impressive for PCL.
They do not say things like this unless they are very positive.
Nothing stops rigs etc being booked.

If you are not daytrading / T3 then this is a very positive announcement imo.

Just my thoughts.
GLTAH