Pancontinental Energy (ASX:PCL) secured approval for the Seismic License related to its Petroleum Exploration License (PEL) 87 project in Orange Basin, offshore Namibia, according to a Thursday filing with the Australian bourse.
The Seismic License grants energy company Woodside Energy (ASX:WDS) ongoing rights to the PEL 87 3D seismic data that Woodside funded for acquisition and processing, the filing said.
The License was approved by the Namibian authorities and was delivered to Woodside.
The long stop date by which Woodside may exercise its option to farm in PEL 87 is May 18, 2025, the filing added.
Pancontinental's PEL 87 Joint Venture participants include Pancontinental Orange with a 75% interest, Custos Investments holding a 15% interest, and the National Petroleum Corporation of Namibia (NAMCOR) with a 10% interest.
The company's shares surged 21% in recent Friday trade.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。