Pancontinental Energy NL announced the signing of an Option Agreement with Woodside Energy

Today, Pancontinental Energy NL, announced the signing of an Option Agreement with Woodside Energy.

This agreement secures Woodside an exclusive option to acquire at least a 56 percent interest, with further ability to increase that interest through time, in Namibia Petroleum Exploration License 87 (PEL 87) in the Orange Basin offshore Namibia. Should we exercise the option for PEL 87, this agreement will allow Woodside to be an Operator in what is currently one of the most exciting oil and gas basins on the planet.

For more information visit www.woodside.com