Pancontinental Energy NL announced significant drilling activity has commenced on-trend to its significant acreage position in Namibia PEL 87 offshore Namibia. PEL 87 Joint Venture interests are Pancontinental Orange Pty Ltd. 75% (Operator), Custos Investments (Pty) Ltd. 15% and National Petroleum Corporation of Namibia 10%. Pancontinental is well positioned in the Orange Basin offshore Namibia with PEL 87 covering a 10,970 km2 block with significant oil potential in the Saturn turbidite complex that spans more than 2,400km2.