"It must also decide soon whether to farm into Pancontinental’s Petroleum Exploration License 87 in Namibia’s promising Orange Basin as 56% operator."
As far as I can recall, this is probably the first POSITIVE mention of any Woodside intention to farm in to the PEL87 JV . Let's hope that it's not May 26th.
Speaking for myself, I am a bit more positive after the questions and answers from the AGM. What was the rumour about P10, 50 and 90 bit? Could that be a very controlled enthusiasm. That 40 figure is rearing it's ugly head again as well.
So much smoke. Don't forget we reached 2.8c a few moons ago that was dashed by the deceased estate sale. Euroz predicted 4c on farm in. I think probably higher if the Pre drill estimates is made available.
PCL Price at posting:
1.9¢ Sentiment: Hold Disclosure: Held
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