Pancontinental Energy NL (PCOGF)

[douginil]

Good News!!!

Tullow elects to enter drilling phase of farmin to Namibia PEL 37
Pancontinental Oil & Gas NL is pleased to announce that Tullow
Kudu Limited, a subsidiary of Tullow Oil (“Tullow”), has elected to
continue as a participant in the joint venture in Namibian licence
PEL 37 and, as such, is committed to drilling one exploration well
subject to identifying a drillable prospect. To date 4 large turbidite
Prospects and 3 large Leads have been mapped in detail. The
Prospects have potential for combined Prospective Resources
of more than 900 Million Barrels of oil (recoverable).

read more at: http://clients2.weblink.com.au/news/pdf_1%5C01729524.pdf