Pancontinental’s Namibia Walvis Basin PEL 37 Licence ends after some 11 years, Company considers a bid for a new extended Licence
Monday 12 September 2022
Pancontinental’s Namibia Walvis Basin PEL 37 Licence ends after some 11 years and the Company considers a bid for a new extended Licence. Orange Basin Licence PEL 87 remains a key focus.
Pancontinental Energy’s 66.67% subsidiary, Pancontinental Namibia (“Pancontinental”), has decided to withdraw from the process of seeking an extension to the original PEL 37 Licence offshore Namibia. Pancontinental has held the licence since 28th March 2011.