"A critical period approaches for new global upstream hotspot Namibia. Starting next month, a string of high-impact exploration wells will be drilled in the deepwater Orange Basin, home to multiple major discoveries."
"Portugal's state-owned Galp is due to kick off a four-well campaign next month with an appraisal of its giant Mopane discovery, which Galp claims holds some 10 billion barrels of resource in place."
"Chevron, which operates the adjacent Petroleum Exploration License (PEL) 90, is due to spud its first Namibian exploration well in December."
"French major TotalEnergies is also planning a new well next month to test a prospect called Tambotti on PEL 56, to the northeast of its Venus discovery on the same block."
"Private South African player Rhino Resources, alongside BP-Eni joint venture Azule Energy, is also due to soon spud their first well on PEL 85, southeast of Mopane."
PCL Price at posting:
1.5¢ Sentiment: Buy Disclosure: Held
