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1.9¢ pancontinental energy nl

General Thoughts, page-4906

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Cornhulio

1,375 Posts.

548

01/08/24

15:22

Post #: 75029178
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Originally posted by phx: ↑

Like you, I find WDS involvement in the last conference in the region and now this one as a very strong, positive, indication of their intent for PEL87.
Also, as you said, it gives them a good opportunity to build their own relationships in Namibia, helped by the PCL old boys
From the few indications of the analysis of the 3D, WDS may be working in the background to secure a rig.
Q1 or Q2 2025 for drilling does not worry me, I just want some news now to start sending the share price north.
Once we get past this seismic license, I think we will start getting a lot more info re the 3D and WDS position on their option.
I do not know, but it's possible that without the seismic license PCL and WDS are limited in what they can publicly release about its interpretation.
I'm still a bit unclear on what the seismic license does as we have already done the 3D.
Sitting at 1.7c is very disappointing. I thought the price would have come back to 2.1 / 2.2 by now.

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based on this definition example the licence may have been initiated by WDS as the purchaser

https://www.lawinsider.com/dictionary/seismic-licence
https://www.lawinsider.com/dictionary/seismic-licenses

PCL Price at posting: 1.9¢ Sentiment: None Disclosure: Held
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