I think this table and calculation from the EUROZ Hartleys report are out dated.
In the past this calculation and table have been the basis of many wet dreams here. No wonder, a prognosted PCL share price of 0.35 $ can be mind boggling.
But: The table ends with 5.000 million barrels of oil in place. After the Sintana/Galp discovery in the neighbouring offshore block, it can be argumented that this table should be expanded by 100 %. I think it is ok to create a new table which ends now with 10.000 million barrels of oil in place or even higher as Galp indicated for their block. A risked value of 5-10 $ per barrel in the ground is still ok, me thinks. Especially since the Orange Basin is more and more derisked. But we have now indications that the volume in the ground in the PCL block could be much much bigger.
- Forums
- ASX - By Stock
- General Thoughts
I think this table and calculation from the EUROZ Hartleys...
- There are more pages in this discussion • 367 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add PCL (ASX) to my watchlist
(20min delay)
|
|||||
Last
2.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $194.8M |
Open | High | Low | Value | Volume |
2.4¢ | 2.5¢ | 2.3¢ | $118.2K | 4.930M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
16 | 8643948 | 2.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.5¢ | 7943592 | 10 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
17 | 8695965 | 0.023 |
19 | 11633986 | 0.022 |
22 | 9936797 | 0.021 |
18 | 14366900 | 0.020 |
9 | 9699209 | 0.019 |
Price($) | Vol. | No. |
---|---|---|
0.025 | 7943592 | 10 |
0.026 | 11274193 | 7 |
0.027 | 7412669 | 11 |
0.028 | 6389718 | 13 |
0.029 | 4144908 | 7 |
Last trade - 12.09pm 14/05/2024 (20 minute delay) ? |
|
|||||
Last
2.4¢ |
  |
Change
0.000 ( 0.00 %) |
|||
Open | High | Low | Volume | ||
2.4¢ | 2.4¢ | 2.3¢ | 679707 | ||
Last updated 12.01pm 14/05/2024 ? |
Featured News
PCL (ASX) Chart |
The Watchlist
MGU
MAGNUM MINING AND EXPLORATION LIMITED
Neil Goodman, MD
Neil Goodman
MD
SPONSORED BY The Market Online