PCL 4.17% 2.3¢ pancontinental energy nl

Ann: Quarterly Activities Report, page-2

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    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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