PCL 0.00% 1.5¢ pancontinental energy nl

Qtr Activities Report, page-12

  1. 13,011 Posts.
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    the_virginian/others: Hibernating indeed at the moment. I do NOT see this as all bleak at all. Of course, KENYA does not look as good as before due also to political issues in that country. BUT the grounds that PCL holds are very promising off-shore Kenya. One thing holding them back is FAR now fully concentrating on Senegal and hence even considering selling off their stakes in Kenya. There is speculation that a British company will take-up all of FAR's grounds in Kenya perhaps.
    On the more positive side - but this will also take still some patience: PCL has equally (if not even better) grounds off-shore NAMIBIA and there the action should start late this year or more likely in the first half of 2016.
    I am in fact contemplating buying some more PCL (to lower my average) BEFORE the action will start in NAMIBIA.
    What for sure is needed here is a lot of patience. All JIMHO, of course and NO advice give. DYOR!
    All the best to all PCL longs.
    wasa
 
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