PCL 4.17% 2.3¢ pancontinental energy nl

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    Eco (Atlantic) Oil & Gas getting on with it also.

    Rig on its way to South Africa to spud exploration well

    "In an update on Friday, Eco (Atlantic) Oil & Gas informed that the Island Innovator rig mobilised on 12 August 2022 and is now under contract with Eco and its JV partners. The rig is expected to arrive and spud to the Gazania-1 well on Block 2B, 25km offshore the Northern Cape in the Orange Basin, by the end of September 2022, subject to weather conditions.

    The Orange Basin straddles the offshore waters of Namibia and South Africa, where major discoveries on both the Graff-1 well, drilled by Shell, and the Venus-1 well, drilled by TotalEnergies, were recently announced."
 
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