PCL pancontinental energy nl
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First production would be after multiple drills IMHO. So not...

  1. Hittman
    3,755 Posts.
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    19/03/25
    20:09
    Post #: 78335199
    First production would be after multiple drills IMHO. So not likely to be free carried till then.

    2 free drills and 50 or 51% ownership.

    T/O offer after 2 successful drills would be nice, if for no more than put a peer valuation on us.

    Royalty payment to be included post take over.

    Further that 2 drills, we'd be up for circa $25M per drill.

    First 2 being successful, we'd raise the money fairly easily.

    Drills being dusters? I'd rather not think about that.


    Would be nice to know who the 3rd party interest(s) are.

    That will come out soon enough.
    Last edited by Hittman: 19/03/25
    PCL Price at posting: 0.8¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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-0.001(4.35%) 		Mkt cap ! $89.50M
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