AFRICA

Pancon eyes Namibia spud

PANCONTINENTAL Oil and Gas shares plummeted 20% this morning despite its PEL 37 joint venture voting to drill the Cormorant Prospect offshore Namibia with plans for a September spud.

Pancon eyes Namibia spud

The plans are subject to government endorsement overseen by the Minister of Mines and Energy, and a renewal of the PEL37 license for the second exploration period.    The prospect is in the Walvis...

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