PCL finding what appears to be a significant gas discovery next door is a great outcome for the prospectivity of FAR's permits but if PCL's primary target contains gas the deeper secondary target is not likely IMO to contain oil. However, it would be helpful to know how much condensate is in the gas. I presume that Apache will flow test the primary target.
ANZ
far a huge buy now, sitting pretty, derisked, page-12
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