PCL pancontinental energy nl
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resource calculations are always wild estimates and probability...

  1. huaneng
    1,770 Posts.
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    03/02/25
    07:53
    Post #: 77672619
    resource calculations are always wild estimates and probability is low.
    reserves calculation still use some estimates and probability is improved.

    See page 2 or 8: https://www.spe.org/media/filer_public/0c/83/0c835db9-501f-4ce7-97f1-a1d6bb4e3331/prmgmtsystem_v103.pdf

    I do not remember that I have seen some numbers from PCL. IMHO it should be no big deal at all when PCL publish some numbers for 1U, 2U, 3 U Prospective Resources. Everybody knows about the uncertainy of prospective resources and it should be not the business of Woodside whenPCL publishes some 1U, 2U, 3U numbers.

    As soon as we are ready to drill we have a prospect. Till now Saturn was a Play and became a Lead.



    PCL Price at posting: 1.8¢ Sentiment: Hold Disclosure: Held
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