Pancontinental Energy NL (PCOGF)

[DrillaHill]

Oct/Nov: PCL to drill 2tcf Tulainyo appraisal well

exciting! 233bcf net to Pancontinetal

TULAINYO- 2 WELL PERMIT TO DRILL ISSUED AND RIG CONTRACTED
Pancontinental Oil & Gas NL (ASX: PCL) (the “Company”) is pleased to provide an
update on the progress of the Company’s next well in California that is due to spud
in late October. The Tulainyo 2-7 well will appraise a potentially giant-scale,
overpressured gas discovery in similar age rocks to those about to be tested in the
Dempsey-1 well (PCL 10%), also in the Sacramento Gas Basin. The permit to drill
on the lease has now been issued with the process taking under 40 days to achieve.