Junior player's stock price crashes after Woodside snubs Namibia offer

Pancontinental Energy fights rearguard action on failed Orange basin farm-out as it talks to other parties and beefs up oil and gas resource estimate

Australia-based Pancontinental Energy's share price collapsed after Woodside decided not to take a stake in Namibian exploration licence.
Australia-based Pancontinental Energy's share price collapsed after Woodside decided not to take a stake in Namibian exploration licence.Photo: AFP/SCANPIX
Published 18 March 2025, 11:56Updated 18 March 2025, 12:19
Woodside EnergyPancontinental EnergyNamibiaOrange basinAfrica