chariot increases namibia estimates, page-3

The PCL area is about 500km further North, so not right next to us but it should bring prominence to the prospectivity of offshore Namibia.

Another article this morning, here's a part of it:

"Namibia is very similar to what we have here in the pre-salt region" in Brazil, said Brendler.

Brazil's so-called pre-salt region holds an estimated 50 billion barrels of recoverable oil in deep waters, according to the South American country's oil regulator. Namibia's geology is similar to Brazil's offshore Santos Basin, which holds the largest oil discoveries in the America's in more than thirty years, according to HRT's website.

Link to full article:
http://www.bloomberg.com/news/2011-01-13/hrt-climbs-to-record-after-chariot-raises-namibia-oil-reserve.html