Peak Discovery Capital Ltd V.PEC

great news and update

[F2C2III]

GALP just sitting back and going to pick PEC up at bargain prices. The tax right offs; known reserves and sequestration value to GALP make PEC a nice acquisition at a fraction of the price. I would say they can pick up everything lock stock and barrel 8-15 cent range and keep all the licences and research PEC invested. No way will they let another group get this right in their own back yard. On the other hand if Galp starts producing at one of the sites, the vale can go up greatly but why would GALP do that if they can take it over and just wrap it into their operations. ON the other hand maybe GALP wants to have PEC to operate the drilling programs and keeps it all rolling. Another option is to go to the market and raise a few million and keep drilling. Would love to see one well of the coast of Portugal, can be a huge pay day. One other option that adds enormous value is what the drywells are worth to GALP for CO sequestration or storage facilities of huge gas pool and this my friends is the wild card. It to bad that juniors have been just wiped out across the board and the seniors are just cleaning up. At this time I don’t see any other stock that has this much potential at this price range and why I’m still hanging in. Good luck to the longs, the saga continues.