Friday, July 31, 2015 12:26:37 AM
http://clients2.weblink.com.au/news/pdf%5C01645939.pdf
Highlights
Namibia EL 0037 – Planned Exploration Programme Continues
» Exploration activity continued during the quarter. Key focus for potential drilling includes the large Albatross Prospect
» Operator Tullow Kudu Limited has to date spent in excess of US $30 million on the exploration programme as part of its farm in to Exploration Licence 0037;
» 3D seismic, 2D seismic, processing and initial interpretation managed by Operator Tullow have confirmed four main prospects which will be further analysed and graded in deciding the optimum location for drilling;
» Pancontinental’s financial exposure is zero for the forward programme, worth in excess of an estimated US $80 million. The Company has a 30% free carried interest for the next phase of exploration and is very encouraged by the Operator’s results to date.
Kenya L6 – Onshore Operator Milio Continues Seismic Planning
» Onshore operator Milio International is continuing with planning for the seismic acquisition proposed during farm out negotiations , although a number of delays have been experienced during preparations;
» Pancontinental’s financial exposure on this work programme is also zero with Milio free carrying the Company’s 16% interest through seismic and an onshore well.
North Bay Resources Commences Operations at Bishop Gold Mill, Inyo County, California; Engages Sabean Group Management Consulting • NBRI • Sep 25, 2024 9:15 AM
CEO David B. Dorwart Anticipates a Bright Future at Good Gaming Inc. Through His Most Recent Shareholder Update • GMER • Sep 25, 2024 8:30 AM
Cannabix Technologies and Omega Laboratories Inc. Advance Marijuana Breathalyzer Technology - Dr. Bruce Goldberger to Present at Society of Forensic Toxicologists Conference • BLOZF • Sep 24, 2024 8:50 AM
Integrated Ventures, Inc Announces Strategic Partnership For GLP-1 (Semaglutide) Procurement Through MedWell USA, LLC. • INTV • Sep 24, 2024 8:45 AM
Avant Technologies Accelerates Creation of AI-Powered Platform to Revolutionize Patient Care • AVAI • Sep 24, 2024 8:00 AM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM