Yes, was hoping for a bit more meat on today's bone, but we just need to wait for the next data sets. The two important aspects remain being:
"Pancontinental's interpretation of the preliminary data, there are positive indications for the presence of a mature Kudu Shale oil source formation directly beneath the Saturn Turbidite Complex"; and
Making the "application to the Namibian Ministry of Mines and Energy (MME) to formally approve the PEL 87 permit entering into the first additional exploration period".
My understanding is that an updated Investor Presentation is being compiled which i'm sure Iain will be busy presenting over the coming weeks. Then we have the drilling by Shell, Total and Galp. A bit of patience required, but I believe Ernie when he states "we trust shareholders will now reap the rewards in the near future".
PCL Price at posting:
1.5¢ Sentiment: Buy Disclosure: Held
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