Pancon holds its breath for Total's Venus-1 results

ANALYSTS at Hartley’s are closely watching Total’s movements contracting a rig to drill the Venus wildcat prospect offshore Namibia this year along with a number of other players showing interest in the area, with success having the potential to re-rate Pancontiental Oil and Gas’s acreage position.

Pancon holds its breath for Total's Venus-1 results Pancon holds its breath for Total's Venus-1 results Pancon holds its breath for Total's Venus-1 results Pancon holds its breath for Total's Venus-1 results Pancon holds its breath for Total's Venus-1 results

Namibian prospect holds the company’s hopes: Hartleys

 
Venus, an ultra-deepwater prospect, is targeting a potential resource of 2 billion barrels of oil in a Cretaceous fan play, the importance of which "cannot be overstated", according to a