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Pottermore

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16/01/24

13:35

Post #: 71902781
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Originally posted by jibbybagger: ↑

Might explain why it has taken until the 11th hour, as we are waiting on the MME. I suppose a positive is that there are so many applications for a reason.

Namibia adopts new oil and gas licence regime to deal with 'massive' applications logjam"Namibia has been forced to bring in a new oil and gas licensing regime due to a “massive backlog” of licence applications that has built up since TotalEnergies and Shell made their huge, play-opening discoveries in the Orange basin in early 2022. While the move has been cautiously welcomed by industry sources, they say that Namibia must urgently address manpower shortages in the Ministry of Mines & Energy (MME) and state oil company Namcor, both of which are involved in the licence application process."

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This might mean a delay in the provision of the extension to our permit.
It doesn't mean that the extension is at risk but it may be delayed by some considerable time which may mae some investors nervous.

PCL Price at posting: 2.3¢ Sentiment: Buy Disclosure: Held
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Last 2.1¢		Change -0.001(4.55%)		Mkt cap ! $170.7M

Open	High	Low	Value	Volume
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No.	Vol.	Price($)
21	5155765	2.1¢

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Price($)	Vol.	No.
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No.	Vol.	Price($)
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30	7638437	0.020
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Price($)	Vol.	No.
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