Pancontinental Energy NL (PCOGF)

[buxmaker]

The company said recently they would be announcing the 3D results in “early August”. So I would expect something in the next two weeks. WDS can announce their decision on the option at any point after the 3D release. They need to secure a drilling rig, so hopefully they will decide and announce in the near term. An exec at Sintana, who is a minor player in this deal told a PCOGF shareholder in an email that WDS had already decided to exercise the option. Hopefully that is true and they announce soon. Who knows where the stock goes. I guess it depends on what they announce. The US shares are very thinly traded, so they could really spike if we get some highly favorable news. We just have to wait and see. I don’t offer financial advice, just speculation based on what I have read.