Pancontinental Energy NL（简称“泛大陆能源”或“泛大陆能源”）欣然发布以下关于其位于纳米比亚近海的PEL 87项目的最新进展。

公司全资子公司Pancontinental Orange Pty Ltd已收到纳米比亚工业、矿业和能源部（MIME）的通知，部长已批准公司将当前第一期勘探期延长12个月至2027年1月22日的申请。作为PEL 87合资项目的作业者，公司将向MIME提交PEL 87石油协议的修订契约，以供其批准。

此次批准的条件是，在延期期间必须完成以下工作计划：

？开展环境影响评估（EIA）
；？重新处理三维地震数据并进行地震解释
；？钻探……勘探井环境影响评估

（EIA）进展顺利，已于2025年中期启动。所需的地震数据重处理工作计划将重点关注PEL 87三维地震数据体的一部分，旨在检验在特定区域提高地震信号质量的可行性。

泛大陆能源公司首席执行官伊恩·史密斯评论道：“我们很高兴确认了PEL 87的持续使用权，这使我们能够继续专注于寻找合作方，以便尽早推进项目进入钻探阶段。”

关于PEL 87
石油勘探许可证87（PEL 87）位于纳米比亚南部奥兰治盆地近海。

该许可证覆盖面积10,970平方公里，位于多年来发现的多个重要油气藏的走向上。PEL 87于2018年初授予由泛大陆能源公司牵头的合资企业，有效期为8年，最多可续签3期（以及后续续签）。 （延期）并可根据预先约定的条款转换为生产许可证。

PEL 87合资项目的参与者如下：
Pancontinental Orange Pty Ltd（运营商）75%；
Custos Investments (Pty) Ltd 15%；
纳米比亚国家石油公司（NAMCOR）10%。

Pancontinental Energy NL (锟絇ancontinental" or 锟紺ompany锟�) is pleased to provide the following update in relation to its PEL 87 project, offshore Namibia.

The Company锟絪 wholly owned subsidiary, Pancontinental Orange Pty Ltd, has received notification from the Namibian Ministry of Industry, Mines and Energy (MIME) that the Minister has granted approval to the Company's application to extend the current First Renewal Exploration Period by twelve months, to 22 January 2027. As Operator of the PEL 87 Joint Venture, the Company will now submit a Deed of Amendment to the PEL 87 Petroleum Agreement for approval by the MIME.

This approval has been granted on condition that the following work program commitments be carried out during the extension period:

? Undertaking of Environmental Impact Assessment (EIA)
? Reprocessing of 3D seismic data and seismic interpretation
? Drilling of an exploration well

The EIA is well progressed, having commenced in mid 2025. The required seismic reprocessing work program component will focus on a subset of the PEL 87 3D seismic volume and is intended to examine the feasibility of improving seismic signal quality in specific areas.

Pancontinental Energy Chief Executive Officer, Iain Smith commented "We are pleased to have now confirmed ongoing tenure for PEL 87, which allows us to continue to focus on securing a farmin partner in order to progress the project through to drilling at the earliest opportunity."

About PEL 87
Petroleum Exploration Licence 87 (PEL 87) is located in the offshore Orange Basin, southern Namibia.

The permit covers an area of 10,970 km2 and is situated on-trend with a number of very significant hydrocarbon discoveries that have been made over years. PEL 87 was awarded to a joint venture led by Pancontinental in early 2018 for up to 3 terms over 8 years (plus subsequent extensions) and may be converted to a Production Licence under pre-agreed terms.

The participants in the PEL 87 Joint Venture are as follows:
Pancontinental Orange Pty Ltd (Operator) 75%
Custos Investments (Pty) Ltd 15%
National Petroleum Corporation of Namibia (NAMCOR) 10%