PCL 4.17% 2.3¢ pancontinental energy nl

AuricG: Wholeheartedly do agree with you that the WALVIS BASIN...

  1. 12,948 Posts.
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    AuricG: Wholeheartedly do agree with you that the WALVIS BASIN is an area waiting for a major discovery. HRT did indeed largely de-risk this area by finding those mature source rocks.
    Obviously, TULLOW was in a "hurry" to farm-into PCL's grounds and now recently also into the adjoining area of Eco Atlantic's Cooper block!

    Fully agree that BOTH Eco Atlantic and Pancontinental (I am holding both these stocks) are in a great position. And both are having a very low market cap, i.e.:
    EOG.V: approx. 16.5 mio.
    PCL.AX: approx. 26.5 mio.
    The higher valuation for PCL is fully justified as Pancontinental is holding great grounds also off-shore KENYA, whereas Eco Atlantic is fully concentrated on off-shore Namibia only...
    SUNBIRD has also de-risked off-shore KENYA to quite some extent and hence PCL has a very promising future both off-shore Kenya and Namibia. The only not so positive here is their low cash holding at present. Hopefully, a farm-down of L6 will rectify this in the not too distant future?
    Comments welcome.
    wasa
 
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Last
2.3¢
Change
-0.001(4.17%)
Mkt cap ! $185.5M
Open High Low Value Volume
2.4¢ 2.4¢ 2.3¢ $191.2K 8.218M

Buyers (Bids)

No. Vol. Price($)
16 13518108 2.2¢
 

Sellers (Offers)

Price($) Vol. No.
2.4¢ 19647825 4
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Last trade - 16.10pm 29/03/2024 (20 minute delay) ?
Last
2.3¢
  Change
-0.001 ( 2.54 %)
Open High Low Volume
2.4¢ 2.5¢ 2.3¢ 8716841
Last updated 14.37pm 29/03/2024 ?
PCL (ASX) Chart
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