PCL has had a stellar run this past month and plenty of news yet to come from the Orange basin.
However, with its MC fairly high considering awaiting 3D and WDS farm-in decision perhaps 6 months away, then I have concluded that Sintana MC CAD$89M and Eco Atlantic MC CAD$88M provide a more diverse exposure to the Orange Basin plus elsewhere in Namibia and Guyana.
Sintana has 7.4% of PEL87 but also 4.9% of Galp's PEL83 and 4.9% of Chevron's PEL90 and all free carried for drilling this year and next.
Meanwhile ECO has huge potential in its 20% held 3B/4B block South Africa Orange Basin, large deep water acreage in Walvis Basin plus Guyana assets.
Easy and cheap fees to buy on the TSX with the right online broker!
Hats off to PCL management for their early move into PEL87.
PCL has had a stellar run this past month and plenty of news yet...
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Last
2.2¢ |
Change
0.001(4.76%) |
Mkt cap ! $178.8M | |||
| Open | High | Low | Value | Volume |
| 2.2¢ | 2.2¢ | 2.1¢ | $16.73K | 783.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 33 | 13021011 | 2.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.2¢ | 4185327 | 1 |
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| Last trade - 15.43pm 05/07/2024 (20 minute delay) ? |
| PCL (ASX) Chart |