PCL 0.00% 1.9¢ pancontinental energy nl

Exxon moves in on Namibia, page-8

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    PEL 82 (formerly PEL 23) is the location of the Wingat-1 well drilled by Brazil's HRT (in a JV with Galp).

    http://www.galpenergia.com/EN/investidor/Noticias/Paginas/Wingat1explorationwellresults.aspx

    It's encouraging that Galp are back in this block - they hold the data from this well plus the follow-up Murombe-1 well in the same block. They will remain the operator with 40% after Exxon also acquiring 40%.

    The results verified a working oil system in the Walvis basin with PCL's PEL 37 centered over the "Oil Mature Fairway". Tullow farmed into PEL37 (Sept 2013) not long after the Wingat-1 results were released (March 2013).

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