PCL made a release on 19 Jan, which got me confused... The release included the following words "...Mopane-1X is the first of a two well campaign by GALP and is reported to have encountered a significant column of light oil in reservoir-bearing sands of high quality. These sands are reported by Namibian state oil company Namcor to be Upper Cretaceous in age (sic!); specifically Cenomanian-Turonian. GALP's PEL 83 prospects are thought by Pancontinental to reside in a very similar (intra-slope) setting to the PEL 87 Saturn feature, with the reservoir sands being of comparable age and sharing the same oil source ..."
Same oil source fair enough, but reservoir sands of comparable age? Saturn is Aptian/Albian (or thereabouts) in age. Is the wording here supposed to say that PCL believes there are other prospects in PEL83 that are of a similar age to Saturn? i.e. ones that are yet to be drilled?
PCL made a release on 19 Jan, which got me confused... The...
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