-Share price gaining momentum,
-unofficial estimates looking great,
-Finalising licence documents for joint venture partners meeting up in November,
10+billion barrels here we come!
Annual report to shareholder, 29/10/2024;
"The Mopanediscovery in particular is exciting for Pancontinental, being the closest on-trend
discovery thus far to our PEL 87 permit and reported to host an estimated 10 Billion barrels of oil in
place."
"Pancontinental regards the Mopane discovery as being an extremely positive indicator for PEL 87
prospectivity, as it is believed to reside in a similar, intra-slope setting to PEL 87, with reservoir
formations of comparable age and sharing the same oil source formation (Kudu Oil Shale)."
Windhoek Visit
"During April 2024, Pancontinental representatives attended joint venture meetings with fellow PEL 87
partners and the Ministry of Mines and Energy.
Pancontinental was also represented at the Namibian International Energy Conference during this time
in Namibia."
"Pancontinental continues to work as a priority to finalise the required documentation with the Namibian authorities and is preparing for meetings with the PEL 87
Joint Venture and Ministry of Mines & Energy in Windhoek in mid-November 2024."
(20min delay)