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EXPLORATION

Pancontinental lifted by closeby oil find in Namibia

ASX-listed smallcap Pancontinental Energy is confident the discovery of oil offshore Namibia by operator Shell and joint venture partners Qatar Energy and Namibian NOC Namcor is good news for its own offshore acreage PEL87, which it suggests is on trend with the recent discovery.

Jonathon Davidson
File photo: Shell's Perth HQ; Shell have made the discovery boosting Pancontinental

File photo: Shell's Perth HQ; Shell have made the discovery boosting Pancontinental

Shell has made the discovery in its Graff-1 well in the Orange Basin in PEL39 which shares a border with PEL56, owned by Total and containing the French multinational's Venus-1 deepwater project.  When...

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