PGS is effectively a shell (from what I can tell) with a crappy purchase of an ORRI. The free carry in Silver Star 1 is about as good as the company could hope for. I don't recall the rate of success for this drill, but with ORG and SXY onboard, this is a big deal.
If the straw detects any gas here, PGS will be fielding calls for their interest in the permit, and you get the feeling it'll be multiples of the current share price
PGS Price at posting:
0.8¢ Sentiment: None Disclosure: Not Held