PCL pancontinental energy nl
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Hi Pottermore,Not encountering an oil water contact in any oil...

  1. OldGeo
    1,804 Posts.
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    25/04/25
    18:35
    Post #: 78804740
    Hi Pottermore,
    Not encountering an oil water contact in any oil discovery (i.e. oil down to base of reservoir) is always promising news as oil volumes are only going to increase as the company drills downdip of the discovery well in search of the oil water contact. From memory, I do not think any oil water contact has been penetrated in any of the Orange Basin discoveries to date.
    https://hotcopper.com.au/data/attachments/6962/6962214-02d9b502e69e8154351c1784289dac8a.jpg
    https://hotcopper.com.au/data/attachments/6962/6962221-0c26d6200e8af6a7ad410e57f2137d1b.jpg

    OldGeo
    PCL Price at posting: 0.6¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 23  Upvote
    lightbulb Created with Sketch.  Great analysis
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