PCL 0.00% 1.4¢ pancontinental energy nl

bad news from tullow well to be abandoned, page-7

  1. 1,904 Posts.
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    im not sure if this has been mentioned yet...perhaps the gas discovery has shaded Namibia a bit, but Chariots well was a duster

    http://www.guardian.co.uk/business/marketforceslive/2012/sep/10/chariot-oil-gas-namibia-dry-well?newsfeed=true

    Tullow seemed very dissapointed, after all, they wanted oil and didnt get it

    Gas for PCL is still a positive result but like has been said...mbawa in isolation is not commercial

    i think the market built into the SP a dash of hope for the deeper targets, so i think a re trace tomorrow is on the cards, but not substantial....16-19c I think is reasonable until they drill the next well......perhaps mbawa south
 
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