Pancontinental Energy NL (PCOGF)

[douginil]

buxmaker if you are thinking of making a "killing" with this stock I think the only time in the next few years will be when a farmin by a major is announced. I missed spoke earlier when I thought Q2 2022. Depending on how how fast the major wants to move and how fast Pancon wants to move I suspect an announcement might be towards the end of Q3 2022 or in Q4 2022.

I agree with what manuel06 says.

Next bump after that will be when a drill target is announced and date. Then if the exploratory well is like the two further south and really hit pay dirt then away we go, maybe 12-18-24 months from now. First production oil probably 3-5 years.

Oil is like mining, some share price bumps along the way, which can be significant,[ but the overall cycle from "I think there may be oil down there" to "selling thousands of barrels per day" is years in the making. It is not for the quick buck, lots of strong stomachs and lots of patience.

Right TT? I wonder if redinvest from 2014 is still around?