PCL pancontinental energy nl

So another dud in Namibia. Its interesting. Now there have been...

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    So another dud in Namibia.

    Its interesting. Now there have been 7 wells drilled east of the Outer High (5 by Galp and 2 by Rhino) and all of them have come good. So a 100% track record East of Outer High.

    West of the Outer High in the Basin floor fans and the turbidite systems, the results are more mixed. Shell has drilled 9 wells. Out of this the Cullinan was an outright dry well, while Shell has also written off the remaining 8 as "non-commercial" despite discoveries. Chevron has drilled 1 at Kapana, and that was also a "non-commercial" discovery. Total has drilled 7 wells, out of which Nara, Mangetti and Marula have been duds. So for Total 4 wells have come really good. That makes it 17 wells drilled West of the Outer High with only 4 being a success. A pretty average track record of 24%.

    East of Outer High = 100% on 7 wells
    West of Outer High = 24% on 17 wells



    https://hotcopper.com.au/data/attachments/6966/6966552-45c4f703b2d66181d5172a383e56062c.jpg

 
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