PCL 0.00% 2.1¢ pancontinental energy nl

Ann: Presentation to the General Meeting, page-54

  1. 2,897 Posts.
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    In my opinion WDS didn't extend the area that they did the 3D seismic over for no good reason.
    I think their technicians viewed the 2D seismic and they recommended to management that there is a possibility that the size of the Oil bearing Fan is far bigger than the perceived interpretation indicated.
    It doesnot make sense to me that WDS went from a requirement of 5000sq kms to nearly 7000sq kms without a very good reason to do so.
    If I am right then we may see unfold a substantial increase in the volumetrics of the Saturn Super Fan.
    This could represent a 140% increase in the size of the reservoir.
    I am so glad that I decided to dump my MIN holding and to transfer it to PCL.
    If the drill bit does strike Oil it will more than make up for the doing over that CE did to NWE shareholders .... I think this is going to be massive.
 
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