Projects Snapshot Masthead

Project Snapshot

Africa

Namibia Walvis Basin PEL 37

Location:
Walvis Basin, Offshore Namibia
Project Size:
17,295 square kilometres
Joint Venture Partners:
  • Tullow Namibia Limited (Operator) 35.00%
  • ONGC Videsh Limited 30.00%
  • Pancontinental Oil & Gas Group 20.00%
  • Africa Energy Corp. 10.00%
  • Paragon Oil & Gas (Pty) Ltd 5.00%
Geology:
An "Oil Mature Fairway" has been interpreted which extends through PEL 37. Pancontinental believes that PEL 37 is well positioned in an oil generating "sweet spot" where oil prone source rocks are sufficiently buried to generate oil.

A number of ponded turbidite, slope turbidite, basin floor turbidite fans and channels forming very large leads and prospects closely associated with, and within the Inner Graben of PEL 37 have been identified and mapped.

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 .

Kenya Lamu Basin L6

Location:
Lamu Basin, Onshore and Offshore Kenya
Project Size:
5,010 square kilometres
Joint Venture Partners:

Offshore

  • FAR Limited (Operator) 60.00%
  • Pancontinental Oil & Gas Group 40.00%
  • Milio International Group 0.00%

Onshore

  • FAR Limited (Operator) 24.00%
  • Pancontinental Oil & Gas Group 16.00%
  • Milio International Group* 60.00%

* after earn in

Geology:
A deep central graben in this area is considered to be an oil and gas "source kitchen" and potential hydrocarbon trapping prospects have been identified adjacent to this area.

The Kifaru Prospect and Kifaru West Prospects are interpreted to be large stacked Miocene reefs, with interpreted good lateral and top seals and close proximity to mature Eocene source rocks.

The Tembo Prospect is a large tilted fault block trap, with interpreted sandstone reservoirs at a number of levels.

Australia

Australia Perth Basin Walyering Conventional Gas Field

Location:
Northern Perth Basin on trend from the analogue producing, Gingin/Red Gully gas and condensate field.
Project Size:
120 square kilometres* *Area to be excised from a larger exploration licence, just focussed on the Walyering Gas Field.
Joint Venture Partners:
  • UIL Energy (Operator) 30.00%
  • Pancontinental Oil & Gas NL** 70.00%

**Assumes option exercised to earn the interest by funding a 3D seismic survey in 2018, covering the Walyering Gas Field.

Geology:
The Walyering Gas Field was discovered in 1971 and a small compartment briefly put on production, producing about 0.25 Bcf gas. It is still crossed by the Parmelia gas trunk line that has available capacity. The field is located in a large, faulted anticline on the west side of the Dandaragan Trough which hosts the source kitchens for most of the gas discovered in the Basin.

A thick interbedded fluvio-deltaic sandstone reservoir system is present with top and lateral seals mostly provided by intra-formational shales and siltstones.

The target reservoirs are relatively deep, between 3,000m and 4,000m but when drilled correctly have been shown to have good natural flow potential. The Upper Cattamarra Coal Measures sand reservoir in Walyering-1 flowed naturally to surface at up to 13.5 MMcfd.

The reservoirs and trapping mechanism are very similar to that in the producing Gingin – Red Gully gas fields on geological trend some 80 km to the south.

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