They have provided an update, in that results have been received and what they are showing so far - from the 26/10 ann:
"Pancontinental has recently received an early, "fast tracked" Prestack Depth Migration (PSDM) volume from seismic processing contractor CGG." "The "fast tracked" PSDM data provides positive indications for the presence of a mature Kudu Shale oil source formation directly beneath the Saturn Turbidite Complex." "Based on analysis of the "fast tracked" 3D PSDM seismic data, Pancontinental's interpretation indicates that the Kudu Oil Shale is likely to be at significantly greater depth within the vicinity of the Saturn Turbidite Complex. The Kudu source formation is therefore likely to be at a more mature level than at Moosehead-1X".
PCL Price at posting:
1.5¢ Sentiment: Buy Disclosure: Held
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