Beans
Can't figure your $1.00 per share for PCL if the Huinga well successful. Post seemed like a ramp to me and I hold PCL - they have only a 6% interest in this well. I have done some research and the best I can come up with is that success in line with pre-drill estimates might mean 10-15 cents per share - but I would be happy for you to convince me otherwise. The previous unsuccessful Waingomira well would have been worth about the same to PCL (it was a gas prospect but they had 33%).
Doc
The Huinga well didn't find sandstones at predicted depth, but they have recalculated the depth and are going deeper for 2 different formations at around 4290 and 4390. Currently they are at 4145, so Monday could be interesting.
Cheers
H
PCL Take Two, page-4
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add PCL (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
1.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $138.2M | |||
| Open | High | Low | Value | Volume |
| 1.6¢ | 1.7¢ | 1.6¢ | $48.68K | 3.020M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 24 | 6697848 | 1.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.7¢ | 5241126 | 13 |
View Market Depth
| Last trade - 14.42pm 06/08/2024 (20 minute delay) ? |
| PCL (ASX) Chart |