Petro Rio S.A. ADR fka HRPTY

[DrillaHill]

BVE,

found a presentation on Pancontinental's Website:

Namibia EL 0037 Exploration Update (07/23/14)

"prospects are close to mature oil source rocks",

so I understand little distance
for oil to migrate from source to reservoir,

interesting that Tullow farmed into a neighboring Block ,
(cooper license to the north, from EOG)
just after acquiring and interpreting seismic in EL 0037..

Would not surprise me if Tullow plans to acquire more acreage in Namibia, maybe to diversifiy, acquire some Blocks in Orange Basin (PEL22, for example :)), we saw a lot of interest there from big players beginning of this year (SHELL, MURPHY OIL, OMV, IMPACT), most of acreage in Orange Basin belongs to HRT, I still expect a farmout of PEL22 within this year, Billion Barrels prospects..

GL!