PCL 0.00% 1.5¢ pancontinental energy nl

Ann: Trading Halt, page-62

  1. 1,656 Posts.
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    Not likely they've reached total depth. FAR was able to finish their later wells in very quick time, but they knew the geology by then .With a wildcat everything is new and they have to be more careful. We don't need a blowout. IMO it would only be worthy of a trading halt if they've found hydrocarbons or the well had to be terminated for other reasons. e.g. volcanics or very high pressures. Not likely as they would surely bite the bullet and inform the market straight away.It's more likely they have hydrocarbons and need time to determine its worth.
 
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