PCL 6.25% 1.7¢ pancontinental energy nl

Cannyinvestor : I have a gut feeling that Kenya and L6 in...

  1. 1,650 Posts.
    lightbulb Created with Sketch. 60
    Cannyinvestor : I have a gut feeling that Kenya and L6 in particular are likely to be the jewels in PCL's crown.I also like Namibia. Is your choice based on anything other than a gut feeling? There seems to be more evidence at this stage IMO that Kenya is a more likely goer. The first ever well on a reef gives a 44 m++ column of hydrocarbons. I understand the recent well in the Walvis basin didn't mention a column but managed ( purely from memory ) 450 ml of oil out of thin sands. I'm not trying to have a go at you but geological evidence to date leads me to think Kenya is way ahead.Half a litre of oil wouldn't get me to work! Much depends on the current well being drilled to the North West of the PCL Namibian lease. I'm hoping it's a gusher,but to impress me it will need a column in excess of 44 metres. I really am interested in your reasoning as to why we should give up the Kenyan leases and concentrate on an area that so far has such limited success.
 
watchlist Created with Sketch. Add PCL (ASX) to my watchlist
(20min delay)
Last
1.7¢
Change
0.001(6.25%)
Mkt cap ! $130.1M
Open High Low Value Volume
1.6¢ 1.7¢ 1.6¢ $26.66K 1.596M

Buyers (Bids)

No. Vol. Price($)
1 8771 1.6¢
 

Sellers (Offers)

Price($) Vol. No.
1.7¢ 6243416 10
View Market Depth
Last trade - 11.34am 16/08/2024 (20 minute delay) ?
PCL (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.