""and the perception that it's taking forever to see progress" -...

""and the perception that it's taking forever to see progress" - this is not the issue to me and several others.
It seems certain the 3D analysis is complete
That there are resource estimates, or that resource estimates can be completed in very short time.
Several targets have been identified.
So, there is no question that there has not been significant progress - albeit any info apart from the most basic is kept from the shareholders.
The delay at present that is affecting PCL shareholders is for WDS to exercise their option.
I was one of the first, if not the first, to say that WDS would take as long as possible to exercise their option when other were saying they would exercise in weeks.

The angst among shareholders is caused by the total blackout of information from PCL and their lies, deceptions and total negligence on completing the seismic license.
By now they must have resource estimates, if they wanted them - no information.
Regular updates = No updates unless forced to.
Forget to complete the seismic license - this is totally unbelievable but reportedly true. (A minimum delay of 6 months)
Block contact with the company.
Now many people speculate that the option agreement stops PCL from sharing information with the shareholders.
At the time of signing we were told we would be given regular updates, so something changed AFTER signing.
Oh. let's not forget an option agreement with no end date.
You could go back a bit further and question the mess with renewing the license where they had to take any offer available.
The BOD did a great job to identify the opportunity.
It is very legitimate to question if they are right people to take the company forward as it goes for straight exploration to the next phase.

While your dates are accurate, it does not mean your conclusions are.
There can be many reasons for the delay.
Do you consider there were other reasons, other than operational, for Shell to take 8 years from having the 3D data to spudding a well?
Similar for GALP - were there other reasons for taking 4 years from 3D to drilling.
When a company wants to do something Total shows what can be done - 6 months from 3D to spudding a well.
This reminds me of lies, lies and damn statistics.

A simple question for you - if PCL: supplied regular updates on their progress, more details on the 3D, targets and resource estimates do you believe the share price would be higher than today?