Why Namibia's Orange Basin is an oil haven for Pancontinental Energy

Pancontinental Energy (ASX:PCL) CEO Iain Smith joins Investor Stream for an update on the Company's PEL 87 asset in Namibia’s Orange Basin.
Iain delves into the levels of recent exploration and appraisal drilling in the Orange Basin, the recent discoveries made by oil giants nearby, as well as the ongoing interpretations from the final 3D seismic data at PEL 87, and why these are significant.
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[@user-pj1yi8nf9x]

Was that a Freudian slip about two thirds through referring to 40 billion barrels?

[@hezekiels3122]

As a Namibian Civil Engineer, I have high hopes for the Oil discoveries of the past few years. I even plan on getting a Masters Degree in anything involving the Petroleum Feild to ensure I directly gain from being involved in the industry, economically.
I just hope our government ensures we follow the path that countries like Saudi Arabia and the UAE have taken, and not like that of countries like Nigeria.
Either way, our GDP is set to get a major boost over the coming decade, which hopefully will result in the the improvement of the standards of living for the everyday citizens, including myself.