PCL 4.17% 2.3¢ pancontinental energy nl

Gimo in my opinion the Mature Aptian to Early Aptian are the...

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    Gimo in my opinion the Mature Aptian to Early Aptian are the targets with channel sands leading into our kitchen. There is a lot to like about this drill,Tullow Oil being operator of 2 licence blocks PEL 30 & PEL 37 on trend speaks volumes at the end of the day. Another poster has already posted an article on Tullow's success rate in Africa as 78%.It will be interesting to see what Exxon paid for PEL 82. Of particular note Murphy Oil has relinquished its right to drll in PEL 46 after shooting 3D seismic.Currently 40% is up for grabs for PEL 46 which is above our newly acquired PEL 24 acreage in Namibia and on trend. Is this the deal that the January presentation suggested on page 8.

    "Using our proven technical and commercial skills ..just watch what we do with this Block!"

    Looks like we'll have a "AIM" listing this year if we have near term success before September which I consider to be positive. John Featherby and John Beggs in London recently with Featherby Family being seed investors in PCL (3.10% ownership) thanks to GO.
 
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