Brief: Pancontinental Energy Says Unit Decided To Withdraw From Seeking Extension To Pel 37 Licence

Pancontinental Energy NL

09/09/2022 02:38

Sept 9 (Reuters) - Pancontinental Energy NL  PCL.AX :
    * PANCONTINENTAL NAMIBIA DECIDED TO WITHDRAW FROM PROCESS OF
SEEKING EXTENSION TO ORIGINAL PEL 37 LICENCE OFFSHORE NAMIBIA
    * PANCONTINENTAL NAMIBIA NOT ABLE TO REACH AGREEMENT WITH
THE
REMAINING JV PARTNER
    * PANCONTINENTAL NAMIBIA HAS NOW DECIDED TO APPLY FOR A NEW
LONGER
TERM LICENCE

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 ((Reuters.Briefs@thomsonreuters.com;))