peoples dont forget the i think 6 month clause once WDS recieve the final stack seismic to decide to drill - this ann to move into the additional period was a given - other than PCL being very prudent to give themselves indemnity on forward programs for next 2 years.
so WDS lets say as indicated get seismic 31st december - 6months to 30th june 2024 declare target or targets - and then timing of rig will be next challenge both in terms of who and when.
one might hope the early look at the seismic results by WDS they start looking immediately for rig slot for june to dec 2024,. As i see it this is the absolute earliest we might expect drilling but i would more likely expect either 1H 2025 as the minimum, and depending on budget allocation for the 2024 -2025 fin year might be too early since no targets yet defined, so maybe second half 2025, the first half of the 2025-2026 fin year budget allocation?
PCL Price at posting:
1.6¢ Sentiment: Buy Disclosure: Held
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