It seems to me from reading the other successful drills, the quality of oil encountered should give us more than the
5.00/barrel mark. I think also that POO will go up as lack of exploration will be felt sooner rather than later.
Let's say we use the low end figure of 5/B in the ground. Then we have 63c/share; that's $0.92Aud.
Hartley is assuming about $2/Barrel. $2??? Did I go wrong somewhere?
PCL Price at posting:
2.4¢ Sentiment: Hold Disclosure: Held
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