Pancontinental Takes Lead Role In Deepwater Namibia Block Offshore Pancontinental examining "fast tracked" 3d seismic with partner woodside. Woodside energy would earn 56% of pancontinental’s 75% after funding a us$35 million 3d seismic survey covering a minimum area of 5,000m2. the company also agreed to pay pancontinental us$1.5 million cash in exchange for earning 56% operatorship.
Namibia Pancontinental Awarded Block 2713 Offshore Namibia Pancontinental energy nl is an energy exploration company with exploration assets in namibia and australia. pancontinental’s market capitalisation is approximately a$ 83 million (1 march 2023). pancontinental is listed on the australian securities exchange (asx) under code pcl. Namibian uranium stock bannerman also got big price target pancontinental could double on namibian offshore drill. broker euroz hartleys has initiated a coverage on pancontinental energy (asx:pcl), with a ‘speculative buy’ recommendation and a price target of 4c (versus current price of 1.9c at time of writing). Namibia pel 87 orange basin pancontinental 75%. in december 2017, pancontinental signed a petroleum agreement with the ministry of mines and energy of namibia (ministry) and namibian partners for pel 87 offshore namibia. pancontinental is the project operator, with a 75% interest. pel 87 is a large, 10,947 km² area on trend where industry. Woodside pursues 56% stake in namibian offshore block. connect with us: march 8, 2023. petroleum exploration and production company, woodside energy, has entered into an exclusive option with oil and gas exploration company, pancontinental energy, to acquire a 56% participating interest in petroleum exploration license (pel) 87, offshore namibia.
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