Pancontinental Energy NL (PCOGF)

[DrillaHill]

Now what about the Agreement with Tullow to drill with us by late March 2017 - clearly we won't start drilling today - expect an update on Tullow's intentions within the next couple of days...

If Tullow leaves us our interest in Namibia will increase from 30% to 95%, then we'll have another 12 months to find a partner and decide wheather to drill or not. ("PEL 0037 Renewal March 2018")

Tullow has spent ~US$34m to define drillable targets within our acreage, 3,000km² of 3D seismic, 4 main oil prospects defined with 915 million barrels of oil potential, 3 strong leads, which have additional oil potential plus extensive follow up opportunities.

Currently Market Cap @ AUD0.003/share is US$4.7m,
I continue to hold my shares - # fingers crossed