Question to pose that will guide us over the next few months.
We know PCL have already received enquiries since WDS pulled (information from the last announcement) out but at what point has or will PCL start to get out there and aggressively find a likely farminee now they are not controlled by WDS??
PCL should have (or should be) in be in the process of sending invites out to all possible suitors and their partners that are currently in the Orange Basin that have the resources for a drill or two. The list should be about a dozen or so.
In return these suitors have will be able to look over a good 3D data set that has already been completed and if decide to join us can drill just 1 drill in either Oryx or Hyrax to confirm oil in place to de-risk any further drilling. It would be good to see only 50% operatorship moving forward with any deal and leave PCL with 25%.
Time will tell over the next 3 months and lets hope PCL are on to the task and getting those presentations out to all that could be our next partner.
Cheers,
Rooey
PCL Price at posting:
0.8¢ Sentiment: Hold Disclosure: Held
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