Pancontinental Energy NL (PCOGF)

[farrell90]

Woodside 2024 first quarter report and 2023 annual report ... no mention of PEL 87. Is the project too big for Woodside? Even after its recent merger with BHP petroleum?

I would not be surprised if Woodside entices a major oil company to partner with exploration and development of PEL 87 either before option expiration or after the first well.

Namibia is such a hot exploration area and the Saturn turbide complex seems to be generally viewed as a sign of oil prospectively I am shocked at the lack of Woodside corporate enthusiasm.

We should receive the final seismic report soon which should clarify the issues.

https://www.woodside.com/docs/default-source/about-us-documents/first-quarter-2024-report.pdf?sfvrsn=e7d32afc_1

https://www.woodside.com/docs/default-source/investor-documents/major-reports-(static-pdfs)/2023-annual-report/011.-full-year-2023-results-and-briefing.pdf?sfvrsn=4af86e05_5

No updates I can find since 3/2023 announcement:
https://www.offshore-energy.biz/woodside-eyes-offshore-acreage-close-to-shell-and-totalenergies-discoveries-in-namibia/
https://announcements.asx.com.au/asxpdf/20230302/pdf/45m868tbj7xfhg.pdf

GLTA,Farrell