"The Orange Basin, offshore Namibia, is currently one of the hottest oil and gas exploration districts anywhere in the world.
“We have interests in three licences in the Orange Basin: PEL 90, PEL 83, and PEL 87,” he says. And activity on all three is ramping up.
And at PEL 87, which is currently operated by Pan Continental, but which is likely to go over to Woodside shortly, the expectation is that, if things go well, drilling will also take place early in 2024. So, a huge amount to play for, and plenty of upside."
PCL Price at posting:
2.0¢ Sentiment: Buy Disclosure: Held
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