PCL 2.27% 2.2¢ pancontinental energy nl

Ann: Pancontinental Commences Extensive 3D Seismic Survey, page-37

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    'Barnstorming' and 'far bigger than its two earlier oil finds'. To think that this is all on-trend to our own Saturn and likely all part of one linked super system.

    Strike three: Shell scores its largest oil discovery yet in world’s top exploration hotspot

    "The Jonker-1x probe hit light oil, with Upstream told it is huge find, better than the supermajor's previous discoveries in same block.

    Shell has made a barnstorming offshore oil discovery in Namibia’s prolific Orange basin that looks to be far bigger than its two earlier oil finds in probably the world’s top exploration play.

    ...informed sources told Upstream that the Jonker discovery is jumbo-sized, fully justifying Shell’s decision to focus on a new geological play in the block as opposed to going back to drilling in the area of last year’s Graff-1x and La Rona-1x discoveries.

    One knowledgeable source said the exploration fraternity is abuzz with talk that the Jonker prospect could house “over 1 billion barrels of recoverable oil”.

    Namcor managing director Immanuel Mulunga, expressed “delight” in being able “to announce this third oil discovery after the success of the Graff-1x and Venus-1x discoveries by Shell and TotalEnergies in 2022”. “This discovery has proven the exciting and world-class potential of the deep-water Orange basin,” he said."

    Last edited by jibbybagger: 07/03/23
 
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