The area is highly propective although I'm fascinated by the presence of a fault line right through the area. Layman thoughts would suggest oil and gas might rise along a fault wall.
This one is north of but on the same faultline as the Rimu discovery. "Rimu A-1 discovery to the south of PEP38716 permit, in the same basin position as Huinga prospect, flowed 1,500 b/d of 44% API oil and 4.8 million cubic ft/day gas from Tariki limestones and sandstones."
There are other projects in Australia, Kenya and Malta. The Pancon site is quite a good one:-
http://www.pancon.com.au/index.html
Announcement 10.51am, page-14
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add PCL (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
1.6¢ |
Change
-0.001(5.88%) |
Mkt cap ! $130.1M | |||
| Open | High | Low | Value | Volume |
| 1.7¢ | 1.7¢ | 1.6¢ | $154.9K | 9.446M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 10553330 | 1.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.7¢ | 3312626 | 5 |
View Market Depth
| Last trade - 15.08pm 30/08/2024 (20 minute delay) ? |
| PCL (ASX) Chart |