Project Snapshot
Africa
Namibia Orange Basin PEL 87
Location:
Orange Basin, Offshore Namibia
Project Size:
10,947 square kilometres
Joint Venture Partners:
- Pancontinental Orange Pty Ltd 75.00%
- Custos Investments (Pty) Ltd 15.00%
- National Petroleum Corporation of Namibia (NAMCOR) 10.00%
Geology:
Pancontinental believes that PEL 87 is highly prospective for oil, with high quality mature oil source rocks and the potential for very large oil traps.
Water depths are between 500m and 3,200 m and the area is on trend with the actively explored Total / Impact Oil and Gas deepwater block, the subject of a farmin by Total in October 2017.
Pancontinental has a large interest in this area. Preliminary mapping already shows evidence of traps in large turbidite fan plays .
Water depths are between 500m and 3,200 m and the area is on trend with the actively explored Total / Impact Oil and Gas deepwater block, the subject of a farmin by Total in October 2017.
Pancontinental has a large interest in this area. Preliminary mapping already shows evidence of traps in large turbidite fan plays .
Australia
Australia Queensland Cooper Eromanga Basin
Location:
Cooper Eromanga Basin
Project Size:
ATP 920 - 2,337 km2 ATP 924 - 2,220 km2
Joint Venture Partners:
- ATP 920 Key Petroleum Limited 80.00%
- ATP 920 Pancontinental Oil & Gas NL ** 20.00%
- ATP 924 [Ace Area] Key Petroleum Limited 75.00%
- ATP 924 [Ace Area] Pancontinental Oil & Gas NL ** 25.00%
**earning
Geology:
The farmin acreage being acquired by Pancontinental contains conventional trends prospective for both oil and gas with initial, drilling focus to be on the oil prone acreage.
Additional, potentially large volume prospectivity for unconventional gas is present within the acreage but has yet to be fully evaluated and documented.
Additional, potentially large volume prospectivity for unconventional gas is present within the acreage but has yet to be fully evaluated and documented.