It's looking good all around and things are moving along taking...

It's looking good all around and things are moving along taking serious shape.
PCL has lots of Cash to do business and not too far in the distance.
DYOR
FH

Excerpts -----
Pursuant to the farmout by Pancontinental to operator Tullow Oil in 2013, the Company will now be fully carried through the cost of drilling the Cormorant-1 well.
The Company holds its interest via its 66.7% owned subsidiary Pancontinental Namibia Pty Ltd (“PCN”) that has a 30% interest in PEL 37.
The Company will also be paid at spud of the well circa A$7 million by Africa Energy Corp as completion of its acquisition of a 33.3% interest in PCN. ASX ANNOUNCEMENT 8 MARCH 2018 Ocean Rig Poseidon – Contracted to Drill Cormorant-1 2 | Page Additionally, oil major ExxonMobil recently announced its farmin into PEL 82 (adjacent to PCL’s PEL 37) for a 40% interest.
This validates Pancontinental’s belief in the prospectivity and potential large size of oil resource targets in the area. The PEL 37 JV has also been strengthened by the entry in the past 6 months of Africa Energy Corp. (via its 33.3% holding in Pancontinental Namibia Pty Ltd) and giant Indian oil and gas company ONGC Videsh Limited.
Commenting on the execution of the rig contract, Pancontinental CEO John Begg said: “This is a significant and very satisfying milestone for Pancontinental. First the joint venture unanimously selected the Cormorant Oil Prospect to drill, then the Namibian Government approved the programme and now a high technology drill ship has been contracted for the job. Roll on September.”