PCL pancontinental energy nl

Ann: Presentation to Annual General Meeting, page-87

  1. V10
    235 Posts.
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    Another source on possible quantity of oil and gas in the offshore Orange Basin Cretaceous sand reservoir systems is that of Mello et al. Very bullish, especially the last paragraph imho.

    Google up "The petroleum systems of Orange and Luderitz basins, Namibia: The new and future super–giant petroliferous province for hydrocarbon accumulations in the South Atlantic realm, Marcio Rocha Mello*, Wagner Peres, Hans Kemna, Brazil Petrostudies, BPS"

    "Conclusions The integration of the petroleum system elements and processes of the Lüderitz and Orange basins indicates that the recent giant and supergiant discoveries of Venus, Graff, La Rona, Jonker, Lesedi, and Mopane wells, in the deep water realm of the Orange Basin, Namibia, is just the tip of a gigantic iceberg that will transform the Country into one of the largest oil provinces in West Africa."

    Iain Smith used figure 9 out of this paper in the PCL 2024 AGM presentation
    https://hotcopper.com.au/data/attachments/6653/6653214-66d30e20274eb66db75cf72479f2f8ca.jpg



    Risk in everything of course and in PEL 87 we wait for the rotary lie detector to see if Saturn and surrounding prospects have the goods.
    Last edited by V10: 04/12/24
 
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