PCL 3.33% 1.6¢ pancontinental energy nl

You'd think having spend $35M on a survey it would rate a...

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    You'd think having spend $35M on a survey it would rate a mention in the WDS 2nd quarter report

    Notable is that WDS are happy to report on alternate energy solution that they working " to progress its plans to develop" or "Continued to progress engineering and marketing activities and required approvals" surely the work being done on Saturn is at equally progressive stage to rate a mention.

    Spitballing here - could this delay in the Namibian Mines sign-off on 3D access be due to a "super major" exerting influence and looking to push WDS out of the opportunity. With the GALPs success the area has been further de-risked and now would be an opportune time for one of the whales to say to the Govt we got your back well beyond what a sprat like WDS can offer, as in all likelihood if this is as big a field as many believe then it is well beyond WDSs balance sheet to bring it to fruition and will look to sell down at some point. The $35M spent to date by WDS is titty bar expense change to the whales if Saturn is the next Guyana.
    PCL is still the 80% holder it matters little to us who wants the pie as long as us shareholders get a slice.

    https://hotcopper.com.au/data/attachments/6330/6330038-9fe976d72b4d83cc00351a624c8e4112.jpg
    https://hotcopper.com.au/data/attachments/6330/6330060-d1be4cbb2afe25604468ca86f1f5f01c.jpg

    Last edited by Cornhulio: 23/07/24
 
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