PCL 5.88% 1.6¢ pancontinental energy nl

origin 3d confirms mbawa prospect..., page-5

  1. 8,328 Posts.
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    Hmmm, very quiet in here, thought we may have had some comments on the results.

    Maybe no one believes this sort of spiel anymore?

    "Specialised seismic processing is under way, with results expected end July and interpretation commencing immediately afterwards. Final results and interpretation are estimated October-November."

    Maybe managements style of not advising the market until quarterlies and missing their time lines by months may be one reason for the shareprice looking so unsupported..

    Management still mention drilling Mbawa this year, albeit at the earliest, but realistically, and going on past performance, this will just not happen.

    Still see yesterdays ann as a step closer to drilling Mbawa, but feel the target of getting anything else done this year will glide on by.

    Regards to those left,

    TCG
 
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