Pancontinental Energy NL has provided an update on its PEL 87 project in the Orange Basin offshore Namibia, outlining significant technical findings that underscore the potential for a high net-to-gross reservoir system within the Saturn Complex. The company’s Quantitative Interpretation specialist analyzed 3D seismic data alongside regional well data, identifying Class II AVO anomalies that suggest hydrocarbon fluid effects. This analysis, enhanced by seismic inversion techniques including Lambda-Rho volume outputs, supports the presence of promising reservoir intervals. Additionally, a comprehensive basin modelling study has been completed with input from specialist consultants. This study confirms that the well-known Barremian-Aptian aged Kudu Shale formation is widespread throughout the permit area and acts as a key source rock for hydrocarbons. Data from regional wells and seismic mapping validate the presence of a mature oil kitchen beneath the Saturn Complex, which is estimated to have generated and expelled around 20 billion barrels of oil. At greater burial depths, two gas kitchens have been identified, though the associated gas within the Saturn Complex is predicted to be relatively low—with an estimated Gas-Oil Ratio of approximately 200 scf/Bbl—potentially reducing the development challenges seen in high gas scenarios. Further analysis through amplitude extractions and the use of high-frequency time-equivalent horizons from a sequence stratigraphic study has revealed channel forms within the structurally enhanced areas. These findings add further confidence in both the high net-to-gross sandstone potential and the likelihood of hydrocarbon presence. Pancontinental Energy NL indicated that additional Quantitative Interpretation screening and revisions to prospective resource estimates will continue into late July, suggesting an ongoing refinement of the geological and resource risk assessments. The technical indicators present a generally bullish outlook for the project. Positive seismic inversion results, AVO responses, and confirmed reservoir characteristics underpin a strong potential for significant hydrocarbon charge within the Saturn Complex. These encouraging technical signals, combined with a verified prolific source rock, point towards robust upside potential. However, the inherent risks of exploration in deepwater environments remain a consideration, with uncertainties in seismic interpretation and economic viability tempering the optimism. Overall, the update reflects a solid technical foundation and reinforces the company’s strategy in advancing its exploration efforts in a promising offshore basin.