PCL 4.35% 2.2¢ pancontinental energy nl

Good link, the writer is talking about the orange basin. However...

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    • Good link, the writer is talking about the orange basin. However this paragraph is reference to the Walvis Basin and the TRP blocks. As with PCL the issue in the Walvis basin is finding the migrated oil. The new successful exploration model may have the key
    • Imagine having commercial discoveries in the South as well as the North of the region .......it is now very possible indeed

    • "In the mid-1990s, Norsk Hydro - now Equinor (EQNR) - drilled two wells offshore central-northern Namibia; the 1911/15-1 well encountered oil shows in Paleocene sands and recovered oil from Lower Cretaceous carbonates, while the 1910/10-1 well encountered oil shows and penetrated good quality Upper Cretaceous oil-prone source rocks although no viable reservoirs were found. These wells lent hope to geologists of finding oil in the basin."
 
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