PCL 0.00% 0.2¢ pancontinental oil & gas nl

Volume rising - at last some interest

  1. 15,803 Posts.
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    PCL/AWE/BLO followers

    At last some interest in the good Huinga-1B results - I guess market players have no doubt been preoccupied with preserving capital in the recent bear market.

    I think pre-drilling estimates were 40 m barrells and gas, but they encountered the oil in the higher fractured zones and the Kapuni sands, and didn't intersect the primary Tariki sands - so at this stage we have little to go on for possible reserves.

    Anyone care to estimate what Huinga 1-B is worth to PCL?

    Cheers

    H
 
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