PCL pancontinental energy nl

Hi OldGeo,Great work. I know the current focus is on the Aptian-...

  1. V10
    236 Posts.
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    Hi OldGeo,
    Great work. I know the current focus is on the Aptian- Albian turbidite fans.
    And this may just be off beam fantasizing without the benefit of the full 3D cube, but I am intrigued in the earlier 'fast track psdm dip line' that you presented in your post above by higher in the section Cenomanian (?) events which I have marked at their down dip interpretation 'A' and 'B' within the crude red ovals present purely to focus attention on them.
    Event 'A' is clearly truncated up dip by an interpreted normal fault as indicated on the attached diagram and has an apparent extent down dip of ~ 25 kms.
    Event 'B' is also truncated up dip by the same interpreted normal fault and has an apparent extent down dip of 50 kms.

    Of course these 'events' and their areal extent in the strike direction and presence on parallel dip lines may have come to nothing with the interpretation of the final processed 3D and AVO analysis.
    But while drilling the underlying Saturn turbidite targets, could surprise, but probably not.
    Obviously very highly speculative.

    And as for that god awful lump above 'A' at approx. 2600 metres in the shallower section, what has caused that? A major slump?

    So we await the final depth and AVO analysis interpretations from WDS and PCL which should turn the Oryx and Hyrax 'leads' into drillable prospects.
    As other posters familiar with the lengthy timelines that can occur from seismic processing to selection of a drilling location and then getting a rig onsite, have counselled, 'patience is a virtue'.
    And shareholders should be grateful that the board and management of PCL have farmed out PEL 87 with its expensive 3D and very high drilling costs.
    Otherwise, without a farmout, and free carry for PCL through the 3D and drilling, PCL would be dead in the water and our PCL shares suffer the same fate!
    just my two cents worth.
    V10.
    https://hotcopper.com.au/data/attachments/6782/6782745-1b3e1d11014435ae44a875c57dc9ec93.jpg

 
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