Around $370k munched at the close yesterday - may that continue and knock out the 1c wall. Some news flow over coming weeks from our neighbours - quotes below are from Upstream articles.
Rhino's Capricornus-1X spud around 19/02 and was expected to take 47 days to drill. Hopefully some more news from Sagittarius-1X also, as whilst advised in Feb that they intersected “a hydrocarbon reservoir, with no observed water contact”, we still await further details.
Meanwhile, Total have been drilling Marula-1X since early Feb, which “is a stratigraphic prospect,” described as “an entire deep sea fan lobe, similar to Venus but further south.” "Roger Tucker, chief executive of Africa Oil — which has an indirect stake in Marula through its shareholding in Impact Oil & Gas — said in August 2024, "we are targeting multi-billion barrel gross prospects..."
PCL Price at posting:
0.8¢ Sentiment: Buy Disclosure: Held
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