Long time lurker here, very much appreciate the input of regulars jibby, OG, rooey, and others.
"We have a high quality 6,593 sq km 3D seismic dataset that we didn't pay a cent for. Furthermore, analysis indicates "intra-Saturn leads and prospects which are estimated to be consistent in size and scale to the discoveries made to date in the Orange Basin."
I 100% agree with this (by jibby) in particular, the benefits of 3D over 2D allow any farm-in partner to pull the trigger much faster, so effectively de-risks the short timeframes PCL has to progress with the licence. This is a massive step forward from where the company was 24 months ago, and mitigates the impact of any CR that would have been required to source the 3D independently of WPL.
I too think that the SP will drop considerably today, my only regret is I have my funds tied up in other investments I am not unhappy with, otherwise I'd be averaging down today and tomorrow. On the plus side, the suspected deceased estate will now have a golden opportunity to shed shares without keeping an artificial cap on the SP.
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