WDS and PCL have identified a number of large structures in...

WDS and PCL have identified a number of large structures in Namibia with multi billion barrel potential. If WDS exercises its 56 percent option I think they will farm out as much as 30 percent. PCL could also sell off a significant portion of their 20 percent and retain a small royalty . It would give a major close to 50 percent and operational responsibility. It would still be a major deal for WDS at a minimal initial cost. They've already spent in excess of US $35 million on the seismic! Interested WDS shareholders can find detailed information on the PCL forum. I'd be grateful for any insights from other WDS shareholders as billion fields have already been found nearby, and a similar find would be significant for WDS which has until May to decide. I hold shares in both. redal