If Namcor isnt budging on license, Woods cant stall much longer as lead times shorten for drill permit, rig etc. 180 = 6 months hasnt started yet and takes us into mid next year for drilling permit, securing rig which will become harder as the region populates with activity. Woodside recently finalised several large projects and that 1.3 bill looks to have gone towards Tellurian purchase and if we are lucky, Namibia is next on the to do list. As far as PCL goes, if chatbot concludes that seismic can take 2 to 6? Months, maybe they are yet to finalise 3D and in their defense, have been transparent with insights as they become available. We even know that Pel87 hosts a high probably of an oil discovery. The only insight we dont have yet is estimates and 6593 sq km is a very large area to analyse. i.e greater melbourne is approx 9992 sq km imo patience will be rewarded and if like me you see the possibility of retirement from your PCL investment, whats another 6 months for bit to hit the ground. No point getting grey hairs over what seems to be inevitably a drillbit into the hottest realestate in o&g, boasting several multi billion barrel discoveries on the horizon.
PCL Price at posting:
1.5¢ Sentiment: Buy Disclosure: Held
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