NAMIBIA: Shell Rumored to have Discovered Light Oil at Graff-1 Well
Oil major Shell which is currently drilling the Graff-1 well is rumored to have struck light oil in the upper level of the cratecous reservoir although it it is yet … Read More
Tag: Orange Basin
Namibia/South Africa: Eco Atlantic Acquires Azinam’s Asset Base
Highlights · Acquisition of a material offshore petroleum exploration asset base in Namibia and South Africa · Consideration in the form of new common shares to Azinam Holdings Limited who will own 16.65% of the … Read More
NAMIBIA: Shell Spuds Graff-1 Well in PEL 39
Shell has spud the Graff-1 well in Block 2913 Petroleum Exploration License (PEL) 39 State-owned Namcor reported, The well is being drilled at a depth of around 2000 meters using … Read More
NAMIBIA: Why PanContinental’s Hopes Linger on Venus -1, Graff-1 Drilling Results
French major TotalEnergies has commenced drilling its ultra-deep Venus-1 well in the Orange Basin offshore Namibia On-trend, Pancontinental has mapped the very large Saturn turbidite complex in PEL 87. Saturn is geologically similar to Total’s Venus Prospect Venus and Saturn overlie the same high-quality mature Oil Source Rock, and both lie immediately … Read More
NAMIBIA: Global Petroleum Raises £1 million to Fund PEL94 Licence Commitments
Global Petroleum has announced that it has successfully raised £1,000,000 in aggregate before costs, through the Placing of 200,000,000 Ordinary Shares at a Placing Price of 0.5 pence per share. … Read More
