I am not sure whether PCL have the final data, i.e. the truncated final migration gathers? If no then I presume "non-disclosure still applies? Personally I am not expecting that much at the upcoming webinar scheduled for next week but hopefully a few snippets/interim update may be on the cards to help satisfy impatient shareholders.
In the Jan 19 ASX announcement titled PEL 87 Project Update they stated:- A comprehensive and detailed interpretation of the PEL 87 3D seismic can now commence and will include a significant quantitative interpretation (QI) program, designed to identify seismic anomalies that may represent direct hydrocarbon indicators. This QI program can only commence now that the migrated angle stack gathers are available and will include Amplitude vs Offset analysis. Given the significant amount of interpretation and analysis that is required, Pancontinental anticipates that results will be some months away. The Company will however provide interim updates as the various hydrocarbon play types identified thus far are matured sufficiently.
Whatever it should be an interesting webinar to tune in to!
PCL Price at posting:
2.2¢ Sentiment: Hold Disclosure: Held
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(20min delay)