Hi Gavwes,"technicals are totally irrelevant for a stock like...

Hi Gavwes,

"technicals are totally irrelevant for a stock like this"

Agreed, where PCL stands currently, it pretty simple, oil up and wind down. But interesting post Hounddoggy, thanks.

Hi Minoil,

"any guesses as to how deep the drilling would be by now??"

When spud was announced, l did some rough figures, feel free to correct.

So drill depth 3000m below sea level (with an option to extend through to 3700m). Water depth of 721m, leaving 2279m to be drilled to planned total depth. From my own observations, Deepsea Metro seem to be able to punch out 100+ metres a day below in Tanzania. So say 120m early going, 80m tailing off, average 100m a day x 23 days = 2300m TD. None of this counts for any rig or operational issues and titanium rock.

So again feel free to correct, but we could be hanging around TD as we speak.

Time to watch SP, as any significant movements either way, will alert??

Maybe only a 10% cos imo, but looking forward to finding out what this untested miocene play will unlock, if anything?

Good luck to all longs and maytheoilbewithus.

Shovel.