PCL 50.0% 0.1¢ pancontinental oil & gas nl

pcl - speculation on hdr interest??, page-5

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    re: pcl - speculation - correction - blackgold et Doctor

    I agree that PCL is low on cash but there are now two possible sources:

    1) Cash from sale of Jingemia oil from test and into the future (I guestimate this to be revenue of anything from $500,000 to $1,500,000 per year)

    2) Perhaps they might obtain some cash as part of a farm-out deal for part of the Kenyan leases.

    The cash from Jingemia may allow them to continue with local operations, but they are going nowhere with the Kenyan leases unless someone else coughs up the readies.

    I am not promoting PCL as a great company - far from it.


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