PCL pancontinental energy nl

All good Old Geo. The comments made by V10 gave me more insight...

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    All good Old Geo. The comments made by V10 gave me more insight and understanding. I also read the Galp Q and A session via link V10 provided and I thought this question and corresponding answer was interesting. Perhaps a simplistic answer but hits the nail on the head.

    Michele Della Vigna from Goldman Sachs:
    Q:
    Thank you very much. Sorry to keep asking about Namibia, but I wanted to ask you for a slightly different thing. We've seen wells being drilled around your acreage, a dry well from Chevron, what looks like a successful well from Azul. I was wondering if there is any learning on your acreage that comes from these wells, perhaps does it open up new prospects in the block beyond Mopane?

    Marie Joao, Co-CEO, Galp:
    A: Thank you, Michele. On what we see happening in the basin and on our potential partners and peers, we don't really have access to privileged information. So let me start there. So what we do see, and we normally don't really comment on peers' assets, but generally what we see as a whole, it's a relatively large basin, a lot of work being done there, a lot of information still being input, but all in all, we're generally happy for other players' success of course, because we believe that that reinforces Namibia's potential as a future oil hub, which we do see the basin as having such characteristics. In our case, if anything, if I can just mention and point out one example, if you look at the results that Rhino recently obtained, those are consistent with a notion that the basin is oilier closer to shore.
 
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