Another step closer with the licence extension granted and a couple of promising statements in the last pel 87 update. I am happy to wait a couple of extra months due to the "significant amount of interpretation and analysis that is required." the more to interperate, the more potential of a record breaking find..?
"Given the significant amount of interpretation
and analysis that is required, Pancontinental anticipates that results will be some months away. The
Company will however provide interim updates as the various hydrocarbon play types identified thus far
are matured sufficiently."
"Pancontinental Executive Director, Barry Rushworth commented "While patience is required with
regards to the significant 3D seismic interpretation and modelling effort, and also establishment of the
long stop date, the prolific Namibian Orange Basin continues to deliver and I believe Pancontinental
continues to be exceedingly well placed for an exciting 2024 and beyond."
PCL Price at posting:
2.0¢ Sentiment: Buy Disclosure: Held
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