PCL 5.56% 1.7¢ pancontinental energy nl

Next stop looking to be 2.3 cents which was support around july...

  1. 888 Posts.
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    Next stop looking to be 2.3 cents which was support around july 2014 if that still counts.
    They dont need a cap raise untill 2nd drill and if we do hit a billion of barrels, the following conservative estimate would apply if i am not mistaken
    1 bill barrels@$5 x .2 ÷ 8 bill shares = 12.5 cents
    Thus should our turbidite contain a mother load as we anticipate,
    PCL could very well raise decent coin without serious dilution
 
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