PCL 0.00% 0.2¢ pancontinental oil & gas nl

The $2b Question

  1. 7,611 Posts.
    Things progressing nicely at Huinga and production testing now only 2 weeks away at most. How many thousand boe and how much gas is the $2b question.
    What is certain is the partners will have low cost production being only 6kms from pipe headworks and all infrastructure from headworks is owned by partner Swift Energy so tolls etc. should be set at 'friendly' levels.
    Nearby Ngatoro well is producing at cost of USD2/boe , lowest in Australasia and several other sites can be drilled within the permit including the Northern leg of Makino which is already a proven reserve.
    Makino partners will sidetrack drill Makino later this year providing free data for Huinga partners to further evaluate.
    Waiting impatiently !!
    SALTY
 
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