Search results for: Pancontinental Oil and Gas

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  • 4 December 2015
    Project & Tenders

    The Australian-listed Pancontinental Oil & Gas NL announced December 4 that it has completed a bookbuild for a placement to raise up to $1.2 million. The company will issue of up to 300 million fully paid ordinary shares at an issue price of 0.4 cents per share. In addition to this, the Board of Pancontinental […]

  • 17 March 2014

    Pancontinental Oil and Gas NL has provided an update regarding the Sunbird-1 exploration well in area L10A (Pancontinental 18.75%) offshore southern Kenya.

  • 3 September 2018
    Exploration & Production

    Ocean Rig-owned drillship Poseidon has reached the drilling site of Cormorant-1 well located in PEL 37 license offshore Namibia, which is operated by Tullow Oil.  

  • 17 June 2014
    Business & Finance, Operations & Maintenance, Research & Development

    Pancontinental Oil and Gas NL has advised that, after lengthy analysis, it has been verified that the recently completed Sunbird-1 well off the southern Kenyan coast has intersected an oil column the first ever oil discovered off the East African coast. The gross oil column is assessed to be 14m thick beneath a gross gas column […]

  • 1 May 2014
    Business & Finance, Operations & Maintenance, Research & Development

    Pancontinental Oil & Gas NL, an oil and gas exploration company with key assets in Australia, Kenya and Namibia, has presented its March 2014 quarterly activities report. During the March Quarter, Pancontinental Oil and Gas NL progressed exploration and evaluation activities on several fronts within its extensive and high quality asset portfolio in Kenya, Namibia and […]

  • 23 July 2014
    Business & Finance, Project & Tenders

    Pancontinental Oil and Gas NL has advised that the 3D and 2D seismic surveys carried out earlier in 2014 in EL 0037 offshore Namibia are starting to yield very encouraging results. Initial Assessment of Seismic Data Initial mapping has confirmed at least four main prospects in the 3D area – the Albatross, Gannett, Petrel and Seagull Prospects. The Prospects […]

  • 4 September 2018
    Exploration & Production

    Oil company Tullow Oil has started drilling the Cormorant-1 well located in PEL 37 offshore Namibia. 

  • 21 January 2020

    Oil and gas company Tullow Oil has received a one-year extension for the Second Renewal Exploration Period on PEL 37 offshore Namibia.

  • 12 August 2012

    Apache, the operator of L8 consortium, is gearing up for drilling an offshore well located in Block L8 in Kenya. As prevously reported, the drilling operation is expected to start this month. The Mbawa prospect will be drilled with the modern deepwater drillship Deepsea Metro 1. The well is expected to take some 45 to […]

  • 23 July 2014
    Business & Finance, Operations & Maintenance

    Pancontinental Oil and Gas NL advises that the 3D and 2D seismic surveys carried out earlier in 2014 in EL 0037 offshore Namibia are starting to yield very encouraging results. Initial mapping has confirmed at least four main prospects in the 3D area – the Albatross, Gannett, Petrel and Seagull Prospects. The Prospects appear to […]

  • 17 March 2014
    Business & Finance, Operations & Maintenance

    Pancontinental Oil and Gas NL (“Pancontinental”) announced that the Sunbird-1 well operated by BG Group (“Operator”), using the drillship Deepsea Metro-1, has reached a final depth of 2,850 metres below the drill floor. The water depth is 723 metres. The top of the Sunbird Miocene Pinnacle Reef was penetrated at 1,583.7 metres subsea. The Sunbird […]

  • 17 June 2014
    Project & Tenders

    Pancontinental Oil and Gas NL has announced that, after lengthy analysis, it has been verified that the recently completed Sunbird-1 well off the southern Kenyan coast has intersected an oil column – the first-ever oil discovered off the East African coast. The gross oil column is assessed to be 14m thick beneath a gross gas column […]

  • 22 June 2014

    Most popular articles of the week, June 16 – 22, 2014

  • 14 April 2014
    Business & Finance, Operations & Maintenance

    Pancontinental Oil and Gas NL advises that the Sunbird-1 well off the southern Kenyan coast has been completed and the well has intersected a hydrocarbon-bearing zone in the top of the Sunbird Miocene Pinnacle Reef. Analysis of the zone itself and recovered hydrocarbon samples are continuing. Analysis of the wireline log data and the fluid […]

  • 14 April 2014

    Pancontinental Oil and Gas NL has informed the Sunbird-1 well off the southern Kenyan coast has been completed and the well has intersected a hydrocarbon-bearing zone in the top of the Sunbird Miocene Pinnacle Reef. Analysis of the zone itself and recovered hydrocarbon samples are continuing. Analysis of the wireline log data and the fluid […]

  • 5 January 2017

    Pancontinental Oil & Gas will pay a cash call made in December by Tullow Oil regarding the management costs of a licence offshore Namibia. The company has previously disputed the claim, and is still disputing it, however it said on Thursday, the structure of the Joint Operating Agreement requires payment of the cash call first […]

  • 1 December 2011
    Business & Finance

    Pancontinental Oil & Gas NL ,an oil and gas  exploration company with key assets in Australia, Kenya, Malta and Namibia, has resolved to raise up to $15 million through a placement of up to 200 million shares at an issue price of 7.5 cents per share to  sophisticated and professional investors. Pancontinental’s corporate advisor, Hartleys […]

  • 5 July 2011
    Business & Finance

    Pancontinental Oil & Gas NL (“Pancontinental”) announces that late on 4 July 2011 it received a signed Petroleum Agreement (“PA”) and Petroleum Exploration Licence No. 0037 (“EL”) from the Ministry of Mines and Energy of the Republic of Namibia, effective 28 June 2011. The PA and EL area is located in the Walvis Basin offshore […]

  • 30 April 2012
    Business & Finance

    A contract for a 3D seismic survey in Pancontinental’s licence area L6 offshore Kenya has been awarded to Fugro-Geoteam AS. Pancontinental’s interest in the L6 licence is 40%. The survey will cover 680 km2 and is budgeted to cost $13.67 Million (Pancontinental share $5.5 Million). Licence area L6 off the Kenyan coast lies in the […]

  • 4 April 2017

    UK-based oil company Tullow Oil and the Australian oil company Pancontinental Oil & Gas don’t see eye to eye when it comes to a decision about drilling an exploration well in PEL 37 offshore Namibia.  Tullow farmed into Pancontinental’s PEL 37 license in September 2013 taking 65% interest as well as operatorship of the license. […]

  • 19 January 2012
    Business & Finance, Operations & Maintenance

    Pancontinental Oil & Gas NL (“Pancontinental”) announces that the 3D and 2D seismic survey acquisition has been completed in offshore Kenya licence areas L10A and L10B. The 3D seismic survey was carried out in the eastern portion of the areas commencing mid-November 2011 and this was followed by a 2D survey in the western portion […]

  • 19 July 2012
    Business & Finance, Project & Tenders

      Pancontinental Oil & Gas NL (“Pancontinental”) announces that it has reached agreement with EL 0037 co-venturer Paragon Holdings Limited (“Paragon”) for Pancontinental to purchase 10% of Paragon’s interest in the EL 0037 licence for US$4 million. Pancontinental will now pay Paragon US$2 million and will pay a further US$2 million upon the first of […]