Pancontinental Energy NL (PCOGF)

[DrillaHill]

"multiple intervals of interpreted significant gas shows"

...looking very good so far and there's still 1900 metres to go!

Dempsey 1-15 Drilling Update

Mud logs from the well indicate that Dempsey 1-15 has intersected multiple intervals of interpreted significant gas shows in sandstones at the producing gas field levels.
Quantification of these positive indicators will be determined from conventional petrophysical logs which are planned to be run at the conclusion of drilling the current 12 ½” hole section within the coming week.
The well is presently drilling ahead at a depth of approximately 1300 metres (~4265 feet).