As of 11 September 2018, Pancontinental Oil & Gas NL (Pancontinental) is understood to be on the lookout for a Block 2713 (PEL 87) partner. The company mentioned that it intends to seek a major joint venture partner to fund an accelerated forward programme which will include a 3D seismic survey over its Late Aptian aged âSuper Fanâ. Pancontinental recently completed the first stage of assessing the potential prospective oil resources within the block (see article: Pancontinental Oil & Gas NL interpret a "Super Fan" within Block 2713 (PEL 87)).   To date, the company has identified several leads with a combined best estimate in excess of 1.3 billion barrels of oil:          Lead         Unrisked Gross (100   percent) Prospective Oil (mmbbl)             Play Type         Best Estimate         Probability of Geologic Success              Lead A         Mound facies         152         11%             Lead C1         Structural (4-way rollover)         73         19%             Lead D         Structural/Stratigraphic         345         10%             Lead G         First Turbidite lobe/Sheet sand         349         7%             Lead H         Structural/Mound (4-way rollover)         40         7%             Entire Super Fan         Aptian Depositional Wedge         1329         5%        Â   On 4 December 2017, Pancontinental announced that it had via its wholly owned subsidiary Pancontinental Orange Pty Ltd been awarded Block 2713. The 10,947 sq km block straddles the Luderitz and Orange Sub-basins in water ranging between 400 m and 3,200 m deep. Interests in the licence are as follows: Pancontinental operates the licence with a 75% interest, Custos Investments (Pty) Ltd holds a 15% carried interest and the National Petroleum Corporation of Namibia holds a 10% carried interest.
Pancontinental Oil & Gas NL (Pancontinental) is understood to be on the lookout for a Block 2713 (PEL 87) partner. The company mentioned that it intends to seek a major joint venture partner to fund an accelerated forward programme which will include a 3D seismic survey over its Late Aptian aged âSuper Fanâ.