Total have been drilling longer than Shell and no news from them IMO is a great sign you would think. If it was a duster then that takes no time at all to report. Total must have hit oil but are waiting on more results IMO. Total's Venus 1 well is 1.5-2 billion barrel potential. That is 100 billion dollar well. The risk reward here is massive IMO as I believe Shell's discovery of light oil at Graff 1 of a working oil system already value's PCL's PEL 87 acreage at more than $50 million. If Total hits oil then it is a massive bonus for holders. At .05 cents PCL is a potential 5 cent stock if Venus 1 comes in. I'll be buying some today and selling some other stocks to cover. I want to be holding for Venus 1 news.
Ann: Shell Oil Discovery Offshore Namibia On-Trend to PCL PEL 87, page-69
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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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| PCL (ASX) Chart |