We have around 16 months to have at least one well drilled (i.e. exploration period expires Jan 2026). Reasonable to say we won't be waiting that long. On numerous occasions it has been suggested that a rig will finish in one of our southern neighbours' blocks and then head north to PEL 87. I expect this to be the case, probably following Chevron's drilling. The MME would have been wanting to hear a proper plan from WDS when meeting recently in Windhoek. I suspect the plan is in place, just hasn't been ann.
PCL Price at posting:
1.5¢ Sentiment: Buy Disclosure: Held
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