PCL 6.25% 1.7¢ pancontinental energy nl

Looking forward to hearing about L6 farmout, probably the next...

  1. 4,787 Posts.
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    Looking forward to hearing about L6 farmout, probably the next piece of news of strong relevance that can be predicted.

    Tricky get the right partner, one that will be a good partner, may help position the company for takeover or defence of takeover. Not sure how I would choose this in FAR/PCL position. Might go for some one different, so that you aren't tied to one massive operator across prospects. We have BP and Apache, with a little Tullow. I would think Repsol, some interest in Africa already, SA and West Africa? Spanish though...Or maybe even a large driller that may want to take a chance.

    Plenty of leads just in the one seismic slice, lower target was reached? but off-axis, I am still confused on this point. Off axis would suggest it was intersected at a lower depth than the crest, but the drill was terminated early. Hope this part becomes clearer.

    All good news though, fluorescence , is a word I was hoping to see after the gas discovery :-)
 
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