PCL pancontinental energy nl

20.0%

1.2¢

30, it would be great if you could reissue and update your...

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Polyh

955 Posts.

200

03/11/23

08:06

Post #: 70702825
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Originally posted by Callsign30: ↑

"What i'm getting at, is that I think the application acceptance may be quickly followed with the farm-in ann. With the 3D survey, Ramform Titan was actually on the block commencing 3 months from the extension being granted"

This makes sense Jibby, especially as the 'Nation building' impact all of this will have on Namibia.

If I may take a stab at some potential dates based around Ernie's comments in July 23 and your sequencing above:

Prior to Year End:

1. Application Acceptance (Nov 23)
2. Farm In Announcement (Nov / Dec 23) (as per Ernie's estimate in the interview with **promotion blocked** in Jul 23)
3. Final 3D data delivered (Dec 23)
4. Drill Date Announcement (Dec 23 / Jan 24)

Based on your example of the RT being on station in 3 months this could potentially mean:

2024:
1. Target selected (Jan / Feb 24)
2. Rig on site (Feb / Mar 24)
3. Spud (Mar / April 24)
4. Results public (May / Jun 24)

Plausible or perhaps a bit ambitious?

Expand

30, it would be great if you could reissue and update your activity list and estimated dates once a month or so.

I think that would be a great template moving forward and help us understand where we are in this journey.

Many thanks, once again.

PCL Price at posting: 1.5¢ Sentiment: Hold Disclosure: Held
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