If you take into account the value of the 3D seismic and the analysis at approximately USD$50Million value then at 20% share that we had with WDS .... in a new agreement at the same percentage as the WDS deal ..... we are funding our share of 2 wells by supplying this data. I therefore think that we will get a better percentage and some cash out of any deal that is done .... and maybe extra wells. We shareholders need to be patient ..... it takes significant time to jump through the hoops of multinational companies to assure themselves of the validity of the data analysis that we have in our data room .... access to the data room is only 3 weeks or so since the first confidentiality agreements were signed and access granted.
PCL Price at posting:
1.1¢ Sentiment: Buy Disclosure: Held
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