Hi Sh1n3, 100% agree with you. All the major companies clearly know Orange Basin is a frontier basin with the higher exploration risks (5%-20% chance of success) but see the higher rewards if hydrocarbons discovered. Considering PCL PEL87 8 leads add up total oil 12bb with the GCoS from 16.3% to 22.5%,provided the US35m 3D has completed. I believe that it is very attractive for a major oil company to jump in for less work/costs etc for such a huge potential oil project. Sorry,I am not a geologist with no oil and gas exploration knowledge so the simple fact may sound silly to others but same as other PCL investors in this forum that I trust my instincts and able to afford to lose what I am willing to invest. So time will tell and regardless of the outcomes I stay cool.
PCL Price at posting:
0.9¢ Sentiment: Buy Disclosure: Held
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