PCL 4.76% 2.2¢ pancontinental energy nl

Thanks Sam "BG Group and Pancontinental are now likely to...

  1. 314 Posts.
    Thanks Sam

    "BG Group and Pancontinental are now likely to consider drilling a second well targeting the
    larger Crombec prospect, which straddles both block L10A and L10B."

    "BG expects over 1bnboe potential net unrisked in the two blocks L10A and L10B. BG has mapped a number
    of other prospects, including the Crombec prospect, for possible drilling after Sunbird‐1" (from Jan GMP Securities report)

    "The Crombec Prospect is a very large Cretaceous anticline of 550 sq km" (PCL website)

    Certainly looks pleasingly large and not that far from the hydrocarbons found in Sunbird

 
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