Nice interview.It's a pity no one at PCL is capable of talking...

Nice interview.
It's a pity no one at PCL is capable of talking about PEL87.

Higgingbottom
not sure if I heard that correctly but did he say in regards to Pel87"similar order of magnitude as Mopane" ?also"if successful $1.50 share for sintana" ?

I listened to this several times, and that's what he said.
Sintana is roughly CAD400M so $AUD450M at CAD1.07 per share.
SOI 393M increase in value $CAD 1.50 so approx CAD590M which roughly equals $AUD660 Million
This is over four times the current valuation of PCL ($AUD154 million)

Sintana has an indirect 7.5% interest in PEL87
PCL will have a 20% interest (WDS will sometime exercise their option)
so PCL has just under 3 times the % of Sintana in PEL87

PCL market cap is currently $AUD154M
So Sinatana believe a successful well with increase the value of PCL by roughly 12 times our current valuation.
Very rough figures.
I believe a successful drilling program will be worth a lot more than this to PCL with a 20% interest.

also he states at 9.15 PEL 87 or any other discovery at least double the value of Sintana