"If four majors are interested, so am I." Very difficult to ignore.
Again for any newbies...
- PEL 87 Orange Basin – - A data room has been established to facilitate a farmout and four major companies have expressed an interest and are engaged in the process.
- Two major oil discoveries offshore Namibia were announced during the quarter; firstly Shell with Graff-1 and secondly TotalEnergies with Venus-1X. Both discoveries are on trend to Pancontinental’s PEL 87 Orange Basin area.
- Pancontinental holds a significant 75% interest in PEL 87 Orange Basin.
Ann: Quarterly Activities Report, page-319
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