PCL 0.00% 0.2¢ pancontinental oil & gas nl

I believe PCL only has free carry through seizmic not drilling,...

  1. 1,435 Posts.
    I believe PCL only has free carry through seizmic not drilling, this was changed from being an original free carry on drill quite some time ago. To retain their 25% they would have to pay their share of drilling costs which would not be cheap and probably beyond PCL ability to raise funds. In any event PCL Probably need to look at CR in coming months just for admin costs at least. I think most likely scenario is PCL will farm down to 10% ie letting go of another 15% to a farminee who will then free carry them through drll.
 
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