Pancontinental Energy Says Study at Petroleum Exploration License Offshore Namibia Indicates Low Gas-Oil Ratio Oil, Shares Fall 8%

MT Newswires Live07-31

Pancontinental Energy (ASX:PCL) said that a quantitative interpretation study indicates that there is good potential for a high net-to-gross reservoir system at the petroleum exploration license 87 at the Orange basin in offshore Namibia, with fluid substitution modelling indicating the presence of a low gas-oil-ratio oil, according to a Thursday Australian bourse filing.

The firm estimated prospective recoverable resources for the license at a best case of 2.27 billion barrels of oil, a high case of 5.35 billion barrels of oil, and a low case of 467 million barrels of oil.

Pancontinental engaged a Namibian consultancy, Risk Based Solutions, to provide support as it prepares the environmental impact assessment for future exploration or appraisal drilling within PEL 87. It has begun the environmental impact assessment process for exploration drilling approvals.

The firm's shares fell 8% in recent trading on Thursday.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2555071271?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-07-31 10:21","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2555071271","market":"fut","top_or_hot":-1,"title":"Pancontinental Energy Says Study at Petroleum Exploration License Offshore Namibia Indicates Low Gas-Oil Ratio Oil, Shares Fall 8%","media":"MT Newswires Live","content":"<html><body><p> Pancontinental Energy (ASX:PCL) said that a quantitative interpretation study indicates that there is good potential for a high net-to-gross reservoir system at the petroleum exploration license 87 at the <a href=\"https://laohu8.com/S/FNCTF\">Orange</a> basin in offshore Namibia, with fluid substitution modelling indicating the presence of a low gas-oil-ratio oil, according to a Thursday Australian bourse filing.</p><p>The firm estimated prospective recoverable resources for the license at a best case of 2.27 billion barrels of oil, a high case of 5.35 billion barrels of oil, and a low case of 467 million barrels of oil.</p><p>Pancontinental engaged a Namibian consultancy, Risk Based Solutions, to provide support as it prepares the environmental impact assessment for future exploration or appraisal drilling within PEL 87. It has begun the environmental impact assessment process for exploration drilling approvals.</p><p>The firm's shares fell 8% in recent trading on Thursday.</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Pancontinental Energy Says Study at Petroleum Exploration License Offshore Namibia Indicates Low Gas-Oil Ratio Oil, Shares Fall 8%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPancontinental Energy Says Study at Petroleum Exploration License Offshore Namibia Indicates Low Gas-Oil Ratio Oil, Shares Fall 8%\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires Live </p>\n<p class=\"h-time\">2025-07-31 10:21</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> Pancontinental Energy (ASX:PCL) said that a quantitative interpretation study indicates that there is good potential for a high net-to-gross reservoir system at the petroleum exploration license 87 at the <a href=\"https://laohu8.com/S/FNCTF\">Orange</a> basin in offshore Namibia, with fluid substitution modelling indicating the presence of a low gas-oil-ratio oil, according to a Thursday Australian bourse filing.</p><p>The firm estimated prospective recoverable resources for the license at a best case of 2.27 billion barrels of oil, a high case of 5.35 billion barrels of oil, and a low case of 467 million barrels of oil.</p><p>Pancontinental engaged a Namibian consultancy, Risk Based Solutions, to provide support as it prepares the environmental impact assessment for future exploration or appraisal drilling within PEL 87. It has begun the environmental impact assessment process for exploration drilling approvals.</p><p>The firm's shares fell 8% in recent trading on Thursday.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7142","symbol_name":"石油与天然气的勘探与生产","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2555071271","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2555071271","pubTimestamp":1753928497,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Pancontinental Energy  said that a quantitative interpretation study indicates that there is good potential for a high net-to-gross reservoir system at the petroleum exploration license 87 at the Orange basin in offshore Namibia, with fluid substitution modelling indicating the presence of a low gas-oil-ratio oil, according to a Thursday Australian bourse filing.The firm estimated prospective recoverable resources for the license at a best case of 2.27 billion barrels of oil, a high case of 5.35 billion barrels of oil, and a low case of 467 million barrels of oil.Pancontinental engaged a Namibian consultancy, Risk Based Solutions, to provide support as it prepares the environmental impact assessment for future exploration or appraisal drilling within PEL 87. It has begun the environmental impact assessment process for exploration drilling approvals.The firm's shares fell 8% in recent trading on Thursday.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK7142":"石油与天然气的勘探与生产","PCL.AU":"PANCONTINENTAL ENERGY NL"},"translate_title":"泛大陆能源公司表示，纳米比亚近海石油勘探许可证研究表明油气比较低石油，股价下跌8%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PCL.AU":0.9},"content_text":"Pancontinental Energy (ASX:PCL) said that a quantitative interpretation study indicates that there is good potential for a high net-to-gross reservoir system at the petroleum exploration license 87 at the Orange basin in offshore Namibia, with fluid substitution modelling indicating the presence of a low gas-oil-ratio oil, according to a Thursday Australian bourse filing.The firm estimated prospective recoverable resources for the license at a best case of 2.27 billion barrels of oil, a high case of 5.35 billion barrels of oil, and a low case of 467 million barrels of oil.Pancontinental engaged a Namibian consultancy, Risk Based Solutions, to provide support as it prepares the environmental impact assessment for future exploration or appraisal drilling within PEL 87. It has begun the environmental impact assessment process for exploration drilling approvals.The firm's shares fell 8% in recent trading on Thursday.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.35.12","shortVersion":"4.35.12","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2555071271","isCrawlerRequest":true}