Some names were mentioned but not in a way of they have been in contact (Iain is not silly enough to mention names I don't think). Clearly we have to look at all the current players in the basin as a start including all percentage holders. I think some of them will take a look if its just for looking at the data if that's how the process will work (why wouldn't you). I also think there will be some tyre kickers through the process but also think there will be some good interest as most of the work is done with a 50% option (so we keep 25% is a relative good deal and as Iain said in the webinar, 1 successful drill will de-risk the project and chance of success substantially.
Still a big risk but I think most of us here have no other choice than to see where it lands and hope like hell we get at least a couple of interested parties so we can negotiate the best deal. PCL did say that if they need a further extension they would argue they have obtained a rather large 3D of the area already and that maybe be enough without committing further 2D or 3D.
PCL Price at posting:
0.7¢ Sentiment: Hold Disclosure: Held
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