Es gibt wieder einmal ein paar Neuigkeiten. Ein schönes Portfolio für das Anlocken neuer Investoren, zumindest möglicher ;-)! Leider noch keine Neuigkeiten zum 3D Scan. Sprechen auch über den möglichen Bau von mehreren Bohrtürmen. Ist aber alles rein hypothetisch. Hoffe auf einen guten Start in 2013.
haben dazu geführt da der Handel in AUS vor Bekanntgabe ausgesetzt wurde.
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multiple other targets Should the Sunbird 1 drilling confirm a working hydrocarbon system it opens up the potential of similar targets within the L10A block but also a play fairway runnin g north into the Block L6 and L8. PCL and operator FAR are in the process of farming down their respective interests in L6.
Valuation and target price In valuing PCL we place a significant discount on the risked prospective reserves valuation (75%) to derive our target price. We maintain our Speculative Buy recommendation. We increase our target price from 21c to 23c primarily because we have assumed a larger prospective resource for L10A. Other near term catalysts for the stock include a farm down of PCL’s 40% stake in the L6, possible farm down of L8 and a second well in L10B. We expect PCL to have approximately A $15m cash post Sunbird ...
ASX Companies Announcement Office 6 January 2014 Sunbird-1 Drilling Commences in Area L10A Offshore Kenya Pancontinental Oil & Gas NL (ASX: PCL) is pleased to advise that the exploration well Sunbird-1 has commenced 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, with an option to extend to 3,700m. Extensive wireline logging and both pressure and fluid sampling are planned. The Joint Venture intends to plug and abandon the well in accordance with normal good oilfield practice regardless of the drilling outcome, however it is planned to leave the well in a condition that would allow re-entry at a later date. Water depth is 721m. Sunbird-1 is the first-ever test of a Miocene Pinnacle Reef offshore East Africa and the first-ever exploration well in L10A in the Lamu Basin offshore Kenya. An extensive trend of Miocene Reefs is evident in Pancontinental’s four licence areas offshore southern Kenya.
Sunbird-1 is regarded as a “tight hole” exploration well and results will be announced after completion of the drilling and assessment and integration of the gathered data. Pancontinental’s ASX release dated 9 December 2013 provides additional information on the Sunbird Prospect and the L10A and L10B licences (also see Figure 1 in Appendix 1). The Kenya L10A consortium consists of –
BG Group (Operator) 50% PTTEP 31.25% Pancontinental 18.75%
3D Seismic Survey Commences in EL 0037 Offshore Namibia
Pancontinental Oil & Gas NL (ASX: PCL) is pleased to advise that a 3D seismic survey has commenced in Licence area EL 0037 offshore Namibia. The 3D acquisition will be of approximately of 3,000 sq km and a second acquisition phase will cover approximately 1,000 km of 2D data. The total acquisition is expected takeup to 120 days.
The survey is managed by the EL0037 Joint Venture operator Tullow Oil, using the seismic acquisition vessel Polarcus Asima. Tullow Oil farmed-in to EL 0037 in September 2013 and subsequently identified a number of geological “Leads” to be covered by the 3D survey. Pancontinental retains a 30% free-carried interest through the surveys and one optional well to be drilled by Tullow.
The Namibia EL 0037 consortium consists of - Tullow Kudu Limited (Operator) 65% Pancontinental Namibia (Pty) Ltd 30% Paragon Oil & Gas (Pty) Ltd 5%
Tullow Kudu Limited is a wholly owned subsidiary of Tullow Oil plc Pancontinental Namibia (Pty) Ltd is a wholly owned subsidiary of Pancontinental Oil & Gas NL Paragon Oil & Gas (Pty) Ltd is a wholly owned subsidiary of Paragon Investment Holding’s (Pty) Ltd
Comments We believe there are several catalysts that could provide further positive impetus for the PCL share price over the next 6 months. These most signficant of these will be BG drilling an exploration well in L10A offshore Kenya. Other catalysts include the farm down of the offshore interest in the L6 concession expected in early 2014.
Das traurige an dieser Empfehlung ist doch, dass es immer heißt "we believe or it could be". Es stehen jedoch nie harte Fakten dahinter. Das ist auch der Grund warum die Aktie abgestrafft wird. Meiner Meinung nach ist die Aktie zu spekulativ für den Kauf. Solange noch kein Öl oder Gas fließt wird es hier keinen Gewinn geben.
ASX Announcement 28 April 2014 2D seismic survey completed in EL 0037 offshore Namibia
Key Points: - 1,000km 2D survey completed in EL 0037 in the Walvis Basin, offshore Namibia, southwest Africa - The 2D survey follows the recent completion of a 3,000 km² 3D survey - 2D survey provides additional infill coverage to the south of the 3D area - Drilling on a major prospect has commenced in an adjacent permit
Further to it announcement of 11 April, Pancontinental Oil & Gas NL (ASX: PCL) is pleased to advise that a second seismic survey acquisition of 1,000km of 2D data has now been completed within its highly prospective offshore acreage in licence area EL 0037 offshore Namibia, southwest Africa.
New discovery offshore Kenya highlights strong potential of PCL’s extensive African acreage; major seismic surveys completed in Namibia
HIGHLIGHTS - Kenya L10A – Sunbird Drilling Completed and Discovery Announced - Sunbird-1 drilling has resulted in a hydrocarbon discovery, intersecting a gross hydrocarbon column of approximately 44m - Analysis of the discovery zone is ongoing to determine the nature of the hydrocarbons - Sunbird is the first-ever Miocene Pinnacle Reef discovery in East Africa - The results open up a significant opportunity to explore for larger volumes of gas and oil over PCL’s portfolio of prospects and leads offshore Kenya - Operator BG Group continues to map Prospects and Leads within L10A using existing seismic and will recommend a program of follow-up drilling
Kenya L10B - Mapping of 3D data continues, with the JV partners considering a 2nd well after the discovery in Sunbird-1 in L10A
Kenya L6 – Farm-out - A farm-out has been secured with Milio International for the onshore portion of L6, with PCL free-carried for drilling of an onshore exploration well - The offshore portion of L6 remains open for drilling under farm-in
Namibia EL 0037: 3D and 2D Seismic Acquisition Completed under Farm-out - Extensive 3D and 2D seismic acquisitions have been completed by the Operator Tullow Oil as part of the initial stage of the farm-in earning programme, at no cost to Pancontinental
Kenya L8 - The L8 licence expired during the quarter - Pancontinental, is in discussions with the Kenyan Ministry concerning a new licence for L8 offshore Kenya
Corporate - Cash balance of $24.3 million (31 March 2014)
The Namibia EL 0037 consortium consists of: Tullow Kudu Limited(1) (Operator) 65%; Pancontinental Namibia (Pty) Ltd(2) 30%; Paragon Oil & Gas (Pty) Ltd(3) 5%
1 Tullow Kudu Limited is a wholly owned subsidiary of Tullow Oil plc 2 Pancontinental Namibia (Pty) Ltd is a wholly owned subsidiary of Pancontinental Oil & Gas NL 3 Paragon Oil & Gas (Pty) Ltd is a wholly owned subsidiary of Paragon Investment Holding"s (Pty) Ltd
Windhoek - Repsol SA, Spain's biggest oil producer started drilling the Welwitschia-1 exploration well on April 25, a development keenly watched by the Namibian government and the international investor community amid heightened expectations of a commercial discovery of crude. ... Rumours are that they already have had oil and gas shows which will delight investors and major oil companies. ... Tullow Oil Plc, will drill an exploration well at block EL 0037 offshore Namibia, as part of a deal to retain its stake in the block, which it farmed in from Pancontinental Oil & Gas last year, Barry Rushworth, chief executive of the Australian company said at the oil and gas conference in Windhoek last week. Tullow will complete shooting 3D seismic in June this year and would likely have the full results before year end. "They will drill a well in the license area to retain their 65 percent, and this could be done next year," Rushworth said.
The area to be drilled by Tullow in 2015 has revealed Apto-Albian source rocks 'analysed to be thick and mature to generate oil', Rushworth said.
Pancontinental has one of the largest offshore acreage and would continue to 'search for high quality impact ventures in Africa', Rushworth said. ...
* Historic first-ever oil column discovered offshore East Africa
* Sunbird-1 well, completed in March in area L10A, intersected a gross 29.6m gas column overlying a gross 14m oil column in the Sunbird Reef. * Calculating the Sunbird results has been a lengthy process due to the complexity of the data derived from the well.
* Discovery considered to be a play opener – the buried Sunbird Reef holds the first-ever oil column disc overed in the Lamu Basin offshore Kenya.
* Major implications for regional exploration – proprietary geochemical data puts the L10A JV in a leading position to find commercial oil.
* Pancontinental is in a prime position to explore for larger volumes of oil in its very extensive portfolio of prospects and leads now that it has identified the key components of a prospective oil system in the Lamu Basin.