Australia's largest stock trading and investment forum Australia's #1 stock forum

PCL

Click for more information

4.35%

2.2¢ pancontinental energy nl

Exxon moves in on Namibia, page-2

First 2 Last

Share
Profile

Follow
gridder

1,696 Posts.

558

02/02/18

07:30

Post #: 30756583
Share

Originally posted by rocketminer ↑

Galp farms down 40% in Namibia PEL 82 to ExxonMobil
Thursday, Feb 01, 2018

Galp informs that it is in the process of farming-down a 40% participating interest in the Petroleum Exploration License (PEL) 82 in Namibia to an ExxonMobil subsidiary.

Following the conclusion of the transaction, both Galp and ExxonMobil will hold a 40% interest in the license, and Galp will maintain the operatorship. The National Petroleum Corporation of Namibia (NAMCOR) and Custos, a local Namibian company, each hold a 10% stake in the license.

The license is located in the Walvis basin and covers an area of 11,444 sq km in water depths ranging from 300 m to 2,000 m.

The transaction conclusion is subject to satisfaction of customary conditions precedent, including the approval of the relevant competent Namibian authorities.

http://www.youroilandgasnews.com/galp farms down 40% in namibia pel 82 to exxonmobil_147460.html

Expand

This sits (PEL 82) directly south of PEL 37.

PCL Price at posting: 0.6¢ Sentiment: Hold Disclosure: Held
5 Upvote

0 Great analysis

Reply

There are more pages in this discussion • 8 more messages in this thread...

First 2 Last

Add PCL (ASX) to my watchlist

(20min delay)
Last 2.2¢		Change -0.001(4.35%)		Mkt cap ! $177.4M

Open	High	Low	Value	Volume
2.3¢	2.3¢	2.2¢	$100.5K	4.392M

Buyers (Bids)

No.	Vol.	Price($)
23	8320943	2.2¢

Sellers (Offers)

Price($)	Vol.	No.
2.4¢	6155073	13

View Market Depth

No.	Vol.	Price($)
23	8320943	0.022
15	6840556	0.021
16	11651900	0.020
7	9629046	0.019
5	5586999	0.018

Price($)	Vol.	No.
0.024	5133285	11
0.025	3751801	4
0.026	5772304	7
0.027	5512669	11
0.028	6040898	12

Last trade - 16.10pm 06/05/2024 (20 minute delay)


Last 2.3¢			Change -0.001 ( 0.00 %)
Open	High		Low	Volume
2.3¢	2.3¢		2.2¢	1851297
Last updated 15.54pm 06/05/2024 ?

PCL (ASX) Chart

SPONSORED BY