PCL 11.1% 0.8¢ pancontinental energy nl

Waingaromia 2 Drilling - Worth ?

  1. HC5
    2 Posts.
    PCL has just reported
    "At 5.05hrs, while coring at this depth a gas kick occurred and the well was shut in. The gas was flared at the surface, and although flow rates could not be determined, for the first 5 minutes, the flame was reported as over 5.0 m long. This
    subsequently declined as kill mud was circulated and the well stabilised."

    The well is a redrill of a 1800's well that discovered oil and burnt the rig dowm. Signs so far are encouraging but it is not a discovery yet.

    What might it be worth if it comes in as predicted
    (which is still a risk)?
    120m on issue
    10mb recoverable
    33%
    say A$12/bbl
    =33cps

    Check it yourself
 
watchlist Created with Sketch. Add PCL (ASX) to my watchlist
(20min delay)
Last
0.8¢
Change
-0.001(11.1%)
Mkt cap ! $57.23M
Open High Low Value Volume
0.9¢ 0.9¢ 0.8¢ $21.52K 2.670M

Buyers (Bids)

No. Vol. Price($)
68 26809955 0.8¢
 

Sellers (Offers)

Price($) Vol. No.
0.9¢ 11655309 17
View Market Depth
Last trade - 14.23pm 27/05/2022 (20 minute delay) ?
(live)
Last
0.9¢
  Change
-0.001 ( 0.00 %)
Open High Low Volume
0.9¢ 0.9¢ 0.9¢ 1729910
Last updated 15.56pm 27/05/2022 (live) ?
PCL (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.