Pancontinental Energy NL (PCOGF)

[DrillaHill]

Potential Drilling in Walvis Basin by March 2017

www.offshoreenergytoday.com/tullow-committed-to-drilling-offshore-namibia/

"Tullow has reportedly committed to drilling an exploration well offshore Namibia by late March 2017.

According to Pancontinental Oil & Gas, Tullow has elected to continue as a partner in the Namibian licence PEL 37, and will drill a well, subject to identifying a drillable prospect.

Pancontinental claims that, so far, 4 large turbidite Prospects and 3 large Leads have been mapped in detail using 3D seismic. The prospects, the best estimate, have potential for combined prospective resources of more than 900 million barrels of oil recoverable."