May 7th (approx) Australian junior Pancontinental Energy is in advanced discussions with global energy giants and other industry players to secure partner(s) for its promising Petroleum Exploration Licence 87 (PEL 87) in Namibia’s Orange Basin. Almost 1 month since, surely some headway since. Disclosure? Maybe directors are pushing for multi well whist the offer is 1 well with current unattractive oil prices. Pancon certainly holding some serious trump cards with high probability of oil and current estimates exceeding neighboring discoveries. if we do have hydrocarbons, a farmin is inevitable and Pancon will get the deal on their term. All that remains is the 'when' back to bottom draw
PCL Price at posting:
1.0¢ Sentiment: Buy Disclosure: Held
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