I consider that to be a foolish thought path to pursue. Think about where we are as a company. We don't have a cashflow. We don't have a large cash backing position. We have 8.5 Billion shares on issue and our share price is that of a penny dreadful. We don't have the results of the 3D seismic from either our own analytical results or those from WDS. We don't have a signed contract of forward drilling. We don't have the resources to defend a legal battle with WDS if we try to tell them "thanks ... but we've got a better offer or we want to search for a better offer". Research the outcome for FAR when they took WDS on legally over the Senegal discovery. The bill for the 3D seismic would be the first thing that WDS would want paid for. What we do have is hope ... and potentially the best PEL in the Orange basin. We do have an Australian Super Major as a potential partner to establish whether PEL87 is as great as I and all of you believe it is. Yes .... it is taking more time than all of us would like but there has not been any evidence that, or commentary towards indicating that PEL87 will be anything but a huge success. I urge everyone to calm down and just wait for the results to come out.
PCL Price at posting:
1.8¢ Sentiment: Buy Disclosure: Held
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