Pancontinental Energy says the interpretation and analysis of the pre-stack depth migration seismic dataset on PEL 87 in the Walvis Basin is nearing completion.
The seismic licence will provide Woodside with ongoing rights to the PEL 87 3D seismic data it acquired. Pancontinental says it has prioritised finalising the required documentation with the Namibian authorities and is preparing for meetings with the PEL 87 joint venture partners and the mines ministry in mid-November 2024.
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PCL Price at posting:
1.4¢ Sentiment: Buy Disclosure: Held
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