2017 12 04 PCL ASX Namibia 2713 Licence Award https://wcsecure.weblink.com.au/pdf/PCL/01929811.pdf "Pancontinental signed the new PA with the Ministry of Mines and Energy of the Republicof Namibia alongside Namibian partners Custos Investments (Pty) Ltd (15%) andNamcor, the National Petroleum Corporation of Namibia (10%). Pancontinental has a75% interest and is the project Operator.
"Pancontinental’s commitments to Block 2713 for at least the first two years are amplywithin the Company’s financial capabilities. The introduction of aligned industry partnerswill be considered as the project progresses, in keeping with the Company’s provenstrategies and expertise as evidenced by the structure of the PEL 37 joint venture. TheNamibian partners will be carried through the exploration phase of the Licence." [my emphasis]
PCL Price at posting:
2.0¢ Sentiment: Hold Disclosure: Held
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