PCL

Hydrocarbon deposits exist off Kenyan coastline but if it is gas, it is not so valuable.  It is oil that people want.  And it has to be oil that is recoverable.

PCL has seen its share fall over the year because Apache found nothing extractable.  So in a new tenement, this AM there was an announcement that hydrocarbon has been discovered but no other details are available yet.  Finding hydrocarbon does not mean much.  You need to know how much there is there, whether it is oil or gas, whether they are toxic stuff, and whether they are extractable.  However, you can expect the share price to lift a little today.  But only a little.