PCL 4.17% 2.5¢ pancontinental energy nl

Hi Callsign30,My thoughts on your questions below.1. Would you...

  1. 1,562 Posts.
    lightbulb Created with Sketch. 3730
    Hi Callsign30,
    My thoughts on your questions below.

    1. Would you consider the maturity of the source rock to be as great as risk as the 'up thief channels' to the east or greater?
    • I still believe that source rock maturity beneath Saturn remains the highest risk element for Saturn. i.e. higher than thief channels.

    2. Am I correct in saying only the drill will confirm the maturity of the source rock or can the 3D survey shed some light on that?
    • The drill will definitely confirm source rock maturity at Saturn. If the 3D seismic shows an AVO (amplitude versus offset) anomaly that conforms to the depth structure contours of Saturn, that will go a long way to increasing the chance of a discovery at Saturn pre-drill.

    3. Lastly is it preferable in terms of efficiency and cost that the Saturn Fan is one giant interconnected system or a series or large reservoirs?
    • in my view, one giant, interconnected system is preferrable, because that would require less development wells and therefore less investment dollars, to tap and drain the source.

    Kind regards OldGeo
 
watchlist Created with Sketch. Add PCL (ASX) to my watchlist
(20min delay)
Last
2.5¢
Change
0.001(4.17%)
Mkt cap ! $202.9M
Open High Low Value Volume
2.4¢ 2.5¢ 2.4¢ $33.11K 1.372M

Buyers (Bids)

No. Vol. Price($)
9 4791410 2.4¢
 

Sellers (Offers)

Price($) Vol. No.
2.5¢ 10191522 16
View Market Depth
Last trade - 16.10pm 15/05/2024 (20 minute delay) ?
Last
2.4¢
  Change
0.001 ( 0.42 %)
Open High Low Volume
2.4¢ 2.5¢ 2.4¢ 284700
Last updated 15.58pm 15/05/2024 ?
PCL (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.