Requires yet more patience, but ultimately what matters is whether Saturn and PEL87 hold the goods. This makes for rather positive reading imo and now appears that the questions remaining are not so much whether Saturn has it, but rather how much and where to drill first.
Amplitude vs Offset (AVO) to quantify potential reservoir characteristics and fine tuning of the geophysical/geological interpretation of the various exploration leads that have been identified.
The intra-Saturn leads exhibit Type II AVO anomalies within potential reservoir sequences, believed to be consistent with discoveries on-trend to the south. The leads variously comprise pure stratigraphic trapping mechanisms and structural-stratigraphic combination trapping styles.
Basin modelling studies indicate that the Saturn complex is highly likely to be situated immediately above a Kudu Shale source kitchen that is mature for oil, confirming that the intra-Saturn leads are optimally located to receive hydrocarbon charge.
PCL is preparing for meetings with the PEL 87 Joint Venture and Ministry of Mines & Energy in Windhoek in mid-November 2024.
Might be in store for a nice Christmas present.
PCL Price at posting:
1.4¢ Sentiment: Buy Disclosure: Held
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