PCL 4.17% 2.3¢ pancontinental energy nl

Huinga 1B, page-2

  1. 16,221 Posts.
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    Fallguy

    Your calculations are I'm afraid a bit dodgy - as far as I can make out there are 120 million shares (not 24 m) and they have 6.6% equity in the Huinga well. This gives a much lower cents per share value for 45 mbbl.

    PCL could certainly spike well over 10 cents on a strike but IMHO until reserves are proven it is unlikely to go over 15 cents. I hold PCL so I hope you are right and I am being too conservative.

    Cheers

    H
 
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