I like the potential to the west of Saturn for more leads that maybe full of hydrocarbons as shown in the other blocks. Hopefully the 3D seismic will identify these and again raise the potential of PEL 87 to be a huge source of Oil and Gas for the next 50+ years. The most important thing that we as shareholders must ensure is that we don't let a situation like what happened to NWE occur again. I for one want to maximise the share price for all of us. When we get some idea of the size of this prize and if it is as some of us believe, then we need to trumpet loud and strong the valuation so that we can convince those with weak hands not to sell cheaply. Very rarely do those of us in the mining sector get a shot at a Poseiden .... I don't think that the share price will reach those dizzy heights ...... but relatively speaking it could turn out to be a Bonanza from here.
PCL Price at posting:
1.8¢ Sentiment: Buy Disclosure: Held
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