I think it's important also to consider the geological depth/age at which all these failures are occurring - it seems to be in the upper cretaceous (turonian,Santonian). Total notes that Tamboti-1x was also in the upper cretaceous; as was Chevrons Kapana1x (i believe). This is also where Shell's Graff and Lesedi wells were. In comparison, the big successes so far appear to be in the Lower cretaceous period (Albian, Aptian), or very late cenomanian (Venus & Mopane). It seems to me Saturn certainly has some optionality, within this geological age period.. The permeability of many of these discoveries seems to be the main issue...and my concern personally also. But, we're still in it, to win it!
PCL Price at posting:
1.9¢ Sentiment: Buy Disclosure: Held
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