PANCONTINENTAL ENERG

PCL
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Pancontinental Energy NL Announces Commencement of Drilling Activity On-Trend to Namibia PEL87

12/02/2021 | 04:20pm
Pancontinental Energy NL announced significant drilling activity has commenced on-trend to its significant acreage position in Namibia PEL 87 offshore Namibia. PEL 87 Joint Venture interests are Pancontinental Orange Pty Ltd. 75% (Operator), Custos Investments (Pty) Ltd. 15% and National Petroleum Corporation of Namibia 10%. Pancontinental is well positioned in the Orange Basin offshore Namibia with PEL 87 covering a 10,970 km2 block with significant oil potential in the Saturn turbidite complex that spans more than 2,400km2.
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