Ann: Shell Oil Discovery Offshore Namibia On-Trend to PCL PEL 87, page-128

Sorry, I'm more familiar with Senegal and Gambia than Namibia and don't know full history.

Do you believe PCL is lying when they state:

Moosehead-1 tested an invalid play in the extreme south of PEL 87. Targeting an interpreted anticline, it instead drilled an old buried volcano that became extinct prior to a rise in sea level and deposition of the Early Cretaceous oil source rocks. However geochemical and thermal data from Moosehead-1 show that the source rocks are fully mature to generate oil within and adjacent to PEL 87.