Wednesday, June 27, 2018 4:16:26 AM
21 Jun 2018 - Video Interview with Pancontinental O&G CEO John Begg
...only two months away from drilling the Cormorant prospect with 124mmbbl of prospective resources and in the success case we have a series of follow-up prospects, also not only our 20% share of the drill will be free carried by the operator Tullow O&G but on top we will receive US$5.5m (A$7.7m) from our Partner Africa Energy Corp who acquired a 10% share last year. Sounds like some near term upside potential to me, anticipation is key!
"Based largely on drilling the Cormorant prospect late this year, StockAnalysis assesses a risked value for Pancon of 1.2 cps and a value for success of 5.1 cps, compared with its current share price of 0.4 cps."
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