All in all, Great quarterly report, can’t feel to be excited about how it mentions the orange Basin is heating up!! Love it!!
Summary From the PCL quarterlies
Namibia - Offshore
PEL 87
The Joint Venture has continued to analyse areas of interest in PEL 87, Offshore Namibia.
Pancontinental has a farmout package on offer for potential farminees.
Exploration activity in the Orange Basin is heating up with three wells planned in blocks adjacent to Pancontinental’s PEL 87 within the next 12-18 months.
PEL 37
The PEL 37 Joint Venture has satisfied all of the exploration programme objectives detailed in the Petroleum Exploration Licence conditions for the period ending March 2020.
A one year extension to the PEL 37 licence has been granted by the Ministry of Mines and Energy of Namibia.
In addition to the wells planned in the Orange Basin, further exploration wells are planned for the Walvis Basin, in licences neighbouring PEL 37.
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