Once the farm in decision is announced....if a positive then...

First 7721 Last

Share
Profile

Follow
WBA

2,604 Posts.

483

07/02/25

17:47

Post #: 77759438
Share

Originally posted by TimBurr: ↑

I am surprised this opinion has not been shared yet (maybe thats my arrogance). I think WDS being slow to farm-in is a smart business decision, and I will not be surprised if we are much closer to May 18th when an announcement is made.

Oil and gas exploration is high to ultra-high-risk. With the great analysis provided over recent weeks (thanks to all) PEL 87 looks about as good geology as we could ask for (pre-drill). Despite this, OldGeo has given a 30% chance of success. That might might seem low, but it is as high as it gets for oil and gas exploration. So, even in best case, you're more likely to lose (to any of the less experienced punters on here, take that to heart).

So, if you were WDS, you would leverage every advantage you have. One of them is time, as it means they garner more information for free.

Right now, WDS are "in position" in the Orange Basin, a poker term meaning you are the last to play and therefore have the most information to play with. They can wait for others to drill and learn from that. We've learnt a tremendous amount about the Orange Basin over the past 12 months. Every successful and failed well informs WDS's decision. Look how much we've gleaned and we don't have access to a data room.

Whatever the reason, fact is there has been a delay to farm-in. That has resulted in WDS having more information to inform their decision. More results are on the way. If I was WDS, I'd run that clock down to the buzzer.

p.s. I think there are many reasons to the delay, and this is just one.
p.p.s Despite our collective frustration, venting about the delay here only grows tension and is not productive. Saying "oh they should do this or that and farm in already" makes you feel good, but lets please not let it drown out the rest. WDS don't care. It'll happen when it happens.

Expand

Once the farm in decision is announced....if a positive then everyone can move on to hurrying the drill phase up...then the hurry up for drill results....some want it sooner.

I'm just bottom drawer with this, not a lot to do but sit on hands...

I'm grateful to the wonderful insights from many, really educational.

GLTAH

PCL Price at posting: 1.8¢ Sentiment: Buy Disclosure: Held
18 Upvote

0 Great analysis

Reply

Top Stories

HotCopper Trends: Final day of quarterlies; Larvotto FID & more

Investor education equals superior returns

SS1

Sun Silver unveils Maverick Springs assay results

LRV

Larvotto hits "go" on Hillgrove Project

I88

Infini Resources appoints Rohan Bone as CEO ahead of Phase 2 campaign

First 7721 Last

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 -0.001(8.33%)		Mkt cap ! $89.68M

Open	High	Low	Value	Volume
1.2¢	1.2¢	1.1¢	$20.23K	1.830M

Buyers (Bids)

No.	Vol.	Price($)
18	10949677	1.1¢

Sellers (Offers)

Price($)	Vol.	No.
1.2¢	8386058	14

View Market Depth

No.	Vol.	Price($)
16	9931400	0.011
21	11547550	0.010
17	3873552	0.009
14	2205362	0.008
6	1063119	0.007

Price($)	Vol.	No.
0.012	8386058	14
0.013	5147845	13
0.014	14737457	9
0.015	1969904	8
0.016	1313000	2

Last trade - 16.10pm 31/07/2025 (20 minute delay)

PCL (ASX) Chart

Once the farm in decision is announced....if a positive then...

HotCopper Trends: Final day of quarterlies; Larvotto FID & more

Investor education equals superior returns

Sun Silver unveils Maverick Springs assay results

Larvotto hits "go" on Hillgrove Project

Infini Resources appoints Rohan Bone as CEO ahead of Phase 2 campaign

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Once the farm in decision is announced....if a positive then...

Top Stories

HotCopper Trends: Final day of quarterlies; Larvotto FID & more

Investor education equals superior returns

Sun Silver unveils Maverick Springs assay results

Larvotto hits "go" on Hillgrove Project

Infini Resources appoints Rohan Bone as CEO ahead of Phase 2 campaign

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News