I think that the orenge basin is the most promising in namibia....

I think that the orenge basin is the most promising in namibia.

For now there are 4-5 licence that they are neer to the discoveries of venus and graff:
Pel 90 , pel 83, rhino block, pel 87 ( im not sure that pel 87 is a orenge basin block)

in pel 90 all the companies are private.
pel 83 galp is the opertor and all the other companies are private.
rhino block - i dont know nothing about this block.
pel 87 - pcl is public and the opertor and the all other
companies are private.

but, sintana energy holds 49% from inter oil that holds:
tarago that have 20% from pel 90.
and holds castus that have 10% position in pel 83%
and 15% from pel 87.

I think that castus have limited carry by time frame
and money from the jv in pel 87 and pel 83 .


For now i think all the investors are waiting to see:
1. The apprisial wells of venus and the data from total.
2. More info from shell on the drilling program on the graff block.
3. Farm in annoncments on the namibian blocks...
Its taking time, and i hope to see some annoncments
By the next half year.
Im not sure that it happend but i hope so.