Pancontinental Energy NL (PCOGF)

[DrillaHill]

Large Conventional Gas Resource Potential in Tulainyo Gas Discovery Project - Net Prospective Resource PCL/Bombora: Mean 338 Bcf

clients2.weblink.com.au/news/pdf_1%5C01867957.pdf

"To assess the commercial gas potential, the Tulainyo Joint Venture is planning the Tulainyo-2 appraisal well, funded by Gas Fields, with drilling commencing in September, 2017.

The Tulainyo Gas Discovery contains conventional Early Cretaceous sandstone reservoirs in the Sites Anticline. The reservoirs have been uplifted into a large fold structure associated with the California Coastal Ranges on the northwest flank of the Sacramento Gas Basin. These rocks generally plunge to the east beneath the traditional, younger producing reservoirs of the Sacramento Basin from which over 11 Tcf of gas have been produced.

Only a limited number of wells have ever targeted the older Cretaceous reservoirs, most not on structure. In addition to Tulainyo-2, Bombora’s Dempsey farmin will also target these Early Cretaceous reservoirs, guided for the first time by 3D seismic. Dempsey-1 is scheduled to commence drilling in mid-July, 2017"