Pancontinental Energy NL
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Pancontinental Energy Confirms Promising Hydrocarbon Potential in Namibia’s Orange Basin
Pancontinental Energy (ASX: PCL) has further highlighted the potential of its PEL 87 project in the high-profile Orange Basin, offshore Namibia. A new basin modelling study has identified that the Kudu shale formation, widely recognised as the primary source of hydrocarbons for the major light oil discoveries to the south of PEL 87, is located […]
Pancontinental Oil & Gas poised to spud Cormorant well off Namibia
Australian exploration junior Pancontinental Oil & Gas (ASX: PCL) and its larger farm-in partner Tullow Oil (LSE: TLW) are on the verge of spudding the highly anticipated Cormorant-1 oil well offshore Namibia. In a presentation to the market today, Pancontinental said the contracted drillship Ocean Rig Poseidon was currently in the southwest African country, being […]