I like this - a piece by Tom Alweendo, Minister of Mines and Energy (link).
"Almost a year ago, significant offshore oil and gas discoveries rewarded the investments of oil majors like Shell, TotalEnergies, and QatarEnergy in Namibia. Following this, Namibia has witnessed a surge in exploration activities. At the beginning of 2024, Portugal’s Galp Energia announced the discovery of a substantial light oil reserve in Namibia’s offshore block PEL83. Galp, along with its partners NAMCOR and Custos Investments Ltd., plans to explore deeper depths. Upcoming drilling campaigns by Chevron (U.S.) and Woodside Energy (Australia) are expected to continue this momentum."
Bang.
PCL Price at posting:
2.1¢ Sentiment: Buy Disclosure: Held
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