I know this is not about PCL, but it is about the PCL CEO who sold NWE out to MinRes earlier this year.
Following appraisal of the L-5 well, a sidetrack was drilled to a gas development well location that reached a total depth of 4,574m measured depth relative to the rotary table (MDRT). The Kingia Sandstone objective was successfully intersected at 4,424m MDRT.
Petrophysical analysis of Lockyer-5 Sidetrack-1 (ST-1) wireline logs has yielded exceptional results, revealing 27m of net gas pay with an average porosity of 18%. This is the highest quality reservoir encountered in all wells that have intersected the Kingia Sandstone across the onshore Perth Basin
PCL Price at posting:
2.4¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)