From PCL's website (SandyB could u post the map from PCL's...

From PCL's website (SandyB could u post the map from PCL's website please)


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NAMIBIAN acreage

Pancontinental Oil & Gas NL (ASX: PCL) has been awarded a 30,000 square kilometre offshore Reconnaissance Licence (RL) in the emerging hydrocarbon province, offshore Namibia. Awarded by the Namibian Government, the 100%-held RL No. 1 of 2007 is located 400km south of the Angolan border in water depths from 300 metres to 3,000 metres (m), with over half the area situated in depths of less than 1,500m.

Under the terms of the RL, the Company has two years (plus possible extensions) to undertake more detailed and exhaustive technical studies of existing seismic and well information to refine the petroleum model and establish an inventory of commercially viable prospects and leads. The company can then elect to enter a Petroleum Agreement with an exploration period of up to eight years to further explore this area.

The offshore Namibia region contains the significant Kudu Gas Discovery, which demonstrates the presence of an active petroleum system in this under-explored region. PCL joins BHP Billiton, Hunt, Tullow Energy and Energy Africa, plus other major energy companies in offshore Namibia.