Search results for: Pancontinental

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A list of search results

  • 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 […]

  • 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 […]

  • 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 […]

  • 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 […]

  • 6 January 2014

    Pancontinental Oil & Gas NL  has informed that the exploration well Sunbird-1 has started drilling in Licence area L10A offshore Kenya. The well is managed by the L10A Joint Venture operator BG Group, using the drillship Deepsea Metro 1. The Sunbird-1 well is planned to take 50 to 60 days to drill to 3,000m below sea level, […]

  • 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. […]

  • 8 April 2015
    Business & Finance, Project & Tenders

    Pancontinental Oil & Gas NL has served a notice of withdrawal on BG Kenya L10B Limited (BG), the only remaining participant and operator of Kenya Licence L10B (L10B), from the Joint Operating Agreement with BG and from the PSC governing L10B. Pancontinental holds a 25% interest in L10B, while BG holds 75%. Licence area L10B […]

  • 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 […]

  • 1 June 2015
    Project & Tenders

    Pancontinental Oil & Gas and its L10A joint venture partner PTTEP have issued Operator BG notices of withdrawal from Block L10A in the Lamu Basin offshore Kenya. Subject to Ministerial consent, Pancontinental’s 18.75% interest and PTTEP’s 31.25% interest will be transferred to the operator BG who will then be the only remaining participant and hold 100% of the L10A […]

  • 13 June 2018
    Exploration & Production

    An Ocean Rig-owned drillship has been mobilized to Namibia in preparation for the drilling of Tullow Oil’s Cormorant-1 well planned for September.

  • 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.

  • 10 April 2012
    Business & Finance

    operator Apache Kenya Limited (Apache) has secured the use of the deepwater drilling ship Deepsea Metro 1 to drill the giant Mbawa Prospect.

  • 16 May 2014
    Business & Finance, Operations & Maintenance, Project & Tenders, Research & Development

    Pancontinental Oil & Gas NL has advised that the Government of Kenya has granted a 12-month extension to the current Initial Exploration Period of the L10B offshore licence. Following the current Period (as extended), the joint venture can then elect to move into the First Additional Exploration Period of the licence. Pancontinental considers this to […]

  • 22 March 2012
    Business & Finance

    Pancontinental Oil & Gas NL, an oil & gas exploration company with key assets in Australia, Kenya and Namibia.  announces the completion of the Nanaa 3D seismic survey in area L8 offshore Kenya. The survey is additional to the earlier Mbawa 3D survey. Conducted by operator Apache Corporation on behalf of the L8 Joint Venture, […]

  • 21 February 2014
    Business & Finance, Research & Development

    Pancontinental Oil & Gas NL (“Pancontinental”) recently attended meetings with the Kenyan Ministry of Energy and Petroleum (“the Ministry”) to discuss the Kenyan offshore Block L8 Production Sharing Contract (“PSC”) and its forward exploration programme. Until recently the PSC participants consisted of Apache Corporation as operator (“Apache”) 50%, Origin 20%, Pancontinental 15% and Tullow Oil […]

  • 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 […]

  • 8 April 2016
    Project & Tenders

    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 […]

  • 28 November 2011
    Business & Finance

    Pancontinental, a petroleum (oil and gas / hydrocarbon) exploration company with key assets in Australia, Kenya, Malta and Namibia, says on its website that preparations for drilling on the Mbawa Prospect are proceeding as planned. Pancontinental’s best estimate for the drill date is during or before Q3 2012. Pancontinental has a 15% interest in L8 […]

  • 16 July 2012
    Business & Finance, Project & Tenders

    Pancontinental Oil & Gas NL (“Pancontinental”) announces the completion of the Kifaru 3D seismic survey data acquisition in its L6 exploration licence area offshore Kenya. The final data acquisition covered 778 sq km over several prospects, including the primary Kifaru Prospect, in the southern portion of the L6 licence area. Pancontinental has a 40% interest […]

  • 12 June 2015
    Project & Tenders

    Pancontinental Oil & Gas NL and Tullow have agreed to amend the farmout agreement between the companies regarding an offshore block in Namibia dated 5 September 2013. According to Pancontinental Tullow recently requested from Pancontinental an extension to a deadline under the EL 0037 block farmout agreement concerning a “drill or withdraw” decision by Tullow, which […]