PCL 6.25% 1.7¢ pancontinental energy nl

any response from d & d - the following sounded really promicing...

  1. 9,382 Posts.
    any response from d & d - the following sounded really promicing a few days ago.....

    Apache, who is operating the well, may have been targeting oil, but the important point here is that they have found hydrocarbons.

    Apache are not short of a few bucks, and are highly committed to this project. It is their exposure to the East African gas rush. And even a sniff of hydrocarbons, and I'd expect them to go to town, sticking enough holes into Mbawa to make it resemble a pincushion. So for them to have 52 metres of gas play is very, very exciting and explains why the stock has had such a good day.


 
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