Morning folks,
California - what a gas! or perhaps not?
At 0.4cents the market has completely written off Californian gas - a bit overdone perhaps?
However, even if it doesn't work out there, PCL has 70% of the Walyering gas field in the Perth basin on trend with the Red Gully producing field acquired by Mineral resources late last year
http://pancon.com.au/project/perth-basin-walyering-gas-field/
https://do not advertise external links/resources/creditor-carves-empire-oil-gas-take-home-assets/
Gas is a 'hot' commodity in Western Australia as evidenced by the recent news of multiple bidders for AWE's Waitsia gas assets, also located in the Perth basin.
For the oilers here, only 4.5 months until Tullow spud:
https://www.offshore-mag.com/articl...-cormorant-offshore-namibia-in-september.html
Tullow has a history of success in Africa, both on & offshore. There is commercial oil all along the African Atlantic margin from Mauritania & Senegal down to Angola.
Namibia's next!!
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