Woodside's Sangomar in Senegal is significant. Phase 1 is targeting 230 million barrels but the field contains up to 640 million barrels. It justifies an FPSO development.
Woodside will be hoping to repeat this in PEL 87.
Total and Shell's multi billion barrel discoveries are exceptional and combined could rival Exxon's massive success in Guyana.
But no company or geologist is talking about billions barrels in PEL87, only HC posters are doing that!!
PCL Price at posting:
1.9¢ Sentiment: Hold Disclosure: Held
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