PCL 6.25% 1.5¢ pancontinental energy nl

Chariot PEL 71 Prospects S, page-33

  1. 2,756 Posts.
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    As far as I'm aware, nothing further has been highlighted since the ASX ann from 11 Sep 2018.
    See link below:

    https://hotcopper.com.au/threads/an...fs-namibia.4423283/?source=email#.W8BO8WgzbRY

    There can be little doubt however that an announcement regarding progressing PEL 87 would
    trigger an elevated level of interest from the market once again.

    This is an excerpt from the link that I have provided...

    "Ongoing Programme The Saturn Superfan is only one of a number of Play Types within PEL 87. Pancontinental is continuing to map other potential oil-bearing features, both on trend, and in other parts of the 10,947 km², PEL 87 area. The Company intends, as it has so successfully done in the past, to seek a major joint venture partner to fund an accelerated forward program, including 3D seismic over the Saturn Superfan. The recent published details of accelerated investment activity by major oil companies into Namibia provides Pancontinental with high confidence in its forward strategy."
 
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