I think it's all going to depend on the volumetrics from the 3D. Remember the original Saturn area was delineated from the 2D seismic and our requirement to satisfy the permit requirements was a 5000sq km 3D seismic ... WDS increased the area on their own decision to 6400sq kms at their cost .... since then we have had a large number of drilling results from Total, Shell and Galp .... this will also aid the interpretation of the 3D seismic and may increase the area of Hydrocarbon reservoir as per the Galp results. I believe that our results are going to be enormous and will dwarf the findings to date of the other companies. Our biggest issue will be getting our share price to reflect the value of the Oil In Place.
PCL Price at posting:
2.3¢ 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)