PCL pancontinental energy nl

My current understanding and I think: the oil saturation could...

  1. 1,770 Posts.
    lightbulb Created with Sketch. 519
    My current understanding and I think: the oil saturation could be a higher number because for example GALP did not drill into any water leg. My understanding is that these reservoirs are very big stratigraphic sand pockets and we see no active aquifer. This would help with the higher oil saturation.

    On the downside a missing aquifer reduces the recovery factor. So I would take a lower number for the recovery factor. I expect when we have no active aquifer the oil companies will use sea water to start water flooding after eruptive gas expansion drive phase. But this could be dodgy too, especially when the permeability is low. One of the majors mentioned they drilled into a low permeability reservoir but it still has a good test rate because the discovered oil got a very low viscosity.
    Last edited by huaneng: 03/02/25
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)
Last
1.1¢
Change
0.000(0.00%)
Mkt cap ! $89.50M
Open High Low Value Volume
1.2¢ 1.2¢ 1.1¢ $15.43K 1.399M

Buyers (Bids)

No. Vol. Price($)
7 2301953 1.1¢
 

Sellers (Offers)

Price($) Vol. No.
1.2¢ 3014387 9
View Market Depth
Last trade - 16.10pm 19/06/2025 (20 minute delay) ?
PCL (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.