Pancontinental Energy NL (PCOGF)

[manuel06]

I doubt that if PCOG is still around for drilling, they will be the operators. If the could they could get 20-25% and sell the 50% to an experienced mid to major company and maybe a free carry of sorts for 1-2 wells that would be ideal and then 1 (or more) dollar would be achievable in a few years if a commercial success. The question is can they survive the time and expenses to get to the above points. 50 to 100 million dollar wells deep water, are the norm ,and could go ver by 50% with serious well problems, hope we get the chance..lol
Baz