Theres your answer Dexter. From the HY report today..
RECONNAISSANCE LICENCE 1/2007, OFFSHORE WALVIS BASIN
"Pancontinental has received from the Ministry of Mines and Energy of Namibia an invitation to select and offshore area for the negotiation of a Petroleum Agreement and Exploration licence"
"The company has notified the ministry of a selected area and now awaits the commencement of negociations"
More in to the mix I hope..
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