PCL 6.25% 1.5¢ pancontinental energy nl

A number of studies have recently been completed on PEL 96...

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    A number of studies have recently been completed on PEL 96 whereby 'the integrated analysis of the seismic, wells and the basin modelling results shows clear evidence of a working petroleum system present within the Dolphin Graben in PEL 96'.

    Is a long way north from PEL 87, but Tower's blocks (in sky blue below) are nearby PEL 37 (purple) which we did hold but let expire. The decision was made not to extend the existing licence, but there's nothing to say we can't reapply. Am not sure if somebody has already snapped it up since.

    https://hotcopper.com.au/data/attachments/5358/5358419-4a68d1858bd5400ff130bc3dbef82c99.jpg

 
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