Thank you Jibby, We know Saturn is big but still struggling to get my head around the sheer magnitude of Oryx and Hydrax alone, together covering an area of 1385 sq km. Thats approx melbourne to coffs habor x 1 km wide. OR Like terms from Perth to Exmouth. Now all the partners need to do is figure out where to drill a well or 2 at 100 mill a pop. Iian mentioned several times that dataset is huge and it will take time. Yet his words have been taken with a grain of salt, or shale if u like. Yet PCLs claim is we are derisked, having plotted 2 leads of this magnitude and even mapped out a possible trap holding 4 potential leads. I now better understand the need for a partner and more importantly, timid approach of woodside who are probably overwhelmed by the funding needed to embark on a project of this size Furthermore, has anyone else noticed that leases below us have uncovered sizable undersea structures over time? I can see the like happening in pel 87 once drilling commences, with possibly a much bigger saturn or other fan systems in Pel 87 Recent image v older one above
PCL Price at posting:
1.6¢ Sentiment: Buy Disclosure: Held
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