PCL 20.0% 0.2¢ pancontinental oil & gas nl

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  1. 5,447 Posts.
    PCL share price is well on the way to emulate Hardman Resources tracks over in Mauritania. The added treat is the NZ search for gas/oil and the oil leases off Libya. Another added bonus is that the Kenyan area includes some on shore leases; onshore drilling has an interesting history as drilling was halted in the past after oil was struck due to political turmoil. It was found at depth and good quality.An onshore drilling may come first in short time. Good potential here; Global Petroleum has almost finished its seismic offshore so some info will come quickly about potential targets. Have a look at the PCL website where they relate the NW Shelf to Gondwana Land history....linked land mass....great potential for another NW Shelf in Kenyan waters. As Tanzania has proved to be a mineral rich country a la WA the relationship is not so far fetched.
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