PANCONTINENTAL ENERG

PCL
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Pancontinental Oil & Gas (ASX:PCL) three well program fully funded

08/29/2017 | 08:55pm

Pancontinental Oil & Gas (ASX:PCL) CEO & Executive Director, John Begg, provides an update on the company's program of three fully funded wells, the size of the resources being targeted and timelines.

Highlights:

* California Dempsey – 10% interest secured, Dempsey-1 spudded on 2 August and drilling ahead in section with upper gas targets.
* California Tulainyo – 13.33% fully funded, Tulainyo-2 gas appraisal well now due to spud in October, 2017.
* Namibia PEL 37 – 30% free carried with recent farmin by ONGC Videsh Limited increasing likelihood of drilling in 2018.  
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