PCL 0.00% 2.1¢ pancontinental energy nl

Offshore gas exploration for...

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    Offshore gas exploration for November


    http://www.the-star.co.ke/business/local/95268-offshore-gas-exploration-for-november


    "The consortium of oil and explorers operating offshore In Lamu and Malindi areas are set to conduct fresh 3D systemic surveys in blocks L10A and L10B. Pancontinental oil & gas of Australia which own 15 percent in the joint venture announced that following the survey will be done in November.... "

    "The areas to be targeted by the survey include a cluster of more than 10 potential areas mainly within block L10. The potential rock formation of miocene reefs are in water depths of approximately 500m and within 50km of the major Kenyan port of Mombasa. “Miocene reefs like the ones in this area are known globally to have very high per-well oil and gas production potential,” the statement said."
 
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