Agree - it's interesting reflecting on this drill in 2013, and reading some reporting post dry well. Keep in mind in 2013 we lacked much of the advanced seismic analysis/targetting tools we have today. Also important to keep in mind that despite the well being dry, there is lots of learnings from the drill (such as confirmed known thick top and bottom shale seals). Despite my despise for nextinvestors, I thought they did quite a good article here which touches on moosehead-1 briefly
These learnings from 2013, have no doubt been integrated into all future exploration in offshore Namibia now - the 2022-2024 drill 'hit rate' has been incredible so far, and gives me confidence (albiet, nothing is certain until that drill piece tells us).
PCL Price at posting:
1.9¢ Sentiment: Buy Disclosure: Held
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