PCL 4.76% 2.2¢ pancontinental energy nl

Ann: Shell Oil Discovery Offshore Namibia On-Trend to PCL PEL 87, page-63

  1. 623 Posts.
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    Some other dealings may show the way. Other nearby Shell, Total and the MAY Cuban deals tend to have a 30% retention by the exploration licence holder (eg PCL) who are free-carried on 1-2 drillings and rightly so as this offshore drilling will be close to or exceeding US$100 mill per drill site. Commercialisation options often allow for exploitation on a deferred royalty basis for the original minority party (eg PCL) so they may not need to have a large CR on that front - at least I hope so. IMO there is every chance that a share consolidation will occur as the SP rises a bit, but I believe PCL holders are in a good position for SP appreciation (let's face we have been patient for years on this). I know many will bail today and this week and fair enough as they address their opinions and circumstances. As of today I am free-carried in PCL and quite prepared to continue the journey. And yes I do hold similar volumes in MAY that rocketed 78% today.
    GLTAHs
 
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Last
2.2¢
Change
0.001(4.76%)
Mkt cap ! $178.8M
Open High Low Value Volume
2.2¢ 2.2¢ 2.1¢ $54.97K 2.548M

Buyers (Bids)

No. Vol. Price($)
28 6082131 2.1¢
 

Sellers (Offers)

Price($) Vol. No.
2.2¢ 938770 1
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Last trade - 16.10pm 28/06/2024 (20 minute delay) ?
PCL (ASX) Chart
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