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Pancontinental Oil & Gas (PCOGF)

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Last Post: 7/15/2018 2:05:11 AM - Followers: 19 - Board type: Free - Posts Today: 0

Pancontinental Oil & Gas NL (ASX:PCL) is an ASX listed exploration company targeting conventional oil and gas projects.
It has key assets in Africa (Namibia) and the USA (California). The Company’s portfolio includes:
a) Lower entry cost, onshore gas projects that can be quick to drill and develop for commercial production, paired with;
b) Large resource potential offshore oil projects where the Company has strong international partners funding activity on its behalf

Main Drivers 2017/18

Dempsey-1, California (10% working interest)
Pancontinental’s first of two fully funded wells to be drilled in 2017, Dempsey-1 in the northern Sacramento Gas Basin, commenced
drilling on 2 August 2017. The well is programmed for a total depth of 3,200 metres (approximately 10,500 feet). The well is testing a
large 3D defined structure with multiple stacked sandstone reservoir targets. Dempsey net prospective resources: 77 Bcf
"After reaching total depth of 2,970m or 9,750 feet, the Dempsey1-15 gas well has been completed with 5 ½ inch casing for
production testing. In addition to potential gas pay identified in the shallower well section, wireline log data have confirmed
a number of gas saturated zones in the deeper, primary targets."
1st Zone "with subcommercial rates" (November 2017)
2nd Zone "with a flowrate of 140mcf/d" (December 2017)
3rd Zone "with a flowrate of 195mcf/d" (April 2018)
Kione Zone "with a flowrate of 1000mcf/d (May 2018)
4th Zone "testing preparations are underway" (May 2018)

Tulainyo-2, California (earning equivalent 13.33% working interest)
Tulainyo net prospective resources: 233 Bcf
Drilling of the Tulainyo Gas Discovery Appraisal Well has commenced (11/22/17)
The well is planned to a total, measured depth of  1,700 metres (5,600 feet) with drilling operations expected to take less than one month to complete.
Tulainyo Drilled and Preparing For Gas Flow Test Program (December 2017)
Drilling completed, Gas indicated in all primary reservoir targets, Production casing being run ahead of flow test program.
Tulainyo 2-7 Gas Flow Test Program Update (April 2018)
Testing has so far been conducted in two stages over a range of zones between total depth of 5,710 feet and 3,600 feet. Inflows of good quality gas
at modest rates are currently being achieved but not yet measurable per zone. The results so far are believed to be impeded by near wellbore damage
to the gas reservoirs.

Namibian PEL 37 (20% working interest)
PEL 37 Joint Venture Votes to Drill Offshore Namibia (11/27/17)
The PEL 37 Joint Venture has voted to drill the Cormorant Prospect offshore Namibia, with a targeted spud date of 1 September, 2018. Pancontinental will
have an effective 20% carried interest uncapped through the cost of drilling the well. Operator Tullow has already commenced drilling preparations.
Pancontinental estimates Cormorant has potential to contain Prospective Resources of 124 MmBbls of recoverable oil on an un-risked Best Estimate basis.
The Cormorant Prospect was unanimously selected by the PEL 37 Joint Venture as the first test of a series of large oil-prone prospects in PEL 37 that have
been mapped by operator Tullow using high quality 3D seismic.The cumulative Best Estimate oil resource potential of the leading four mapped prospects
in the block total 915 MmBbls recoverable oil.

ASX Releases
ASX Releases on Pancontinental Oil & Gas

Stock Analysis – Pancontinental Oil & Gas NL 2017 (08/30/17)

Video presentation with CEO
Pancontinental Oil & Gas CEO John Begg presents to 121 Oil and Gas, London (10/31/2017)

 PCL (ASX in AUD)                                                                     AUD USD                                             
 Brent Oil                                                             Natural Gas 
Shares Outstanding: 5,262m
Market Capitalisation: US$17m (@ AUD 0.004/share - May 2018)

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PlusOneCoin Top Posts
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#897  Sticky Note 121 O&G Investor conference 30-31 October in London DrillaHill 11/12/17 03:36:07 AM
#1034   Agree, we are undervalued but won't take ling Tamtam 07/15/18 02:05:11 AM
#1033 LETS GET READY TO madmax 07/15/18 12:07:22 AM
#1032   .006 in aussie trading last nite , Excellent .01-.02 madmax 07/12/18 05:36:21 PM
#1031   they will be drilling another opener in oct....what buccaneer1961 07/08/18 01:35:32 PM
#1030   Nice ,just getting started IMO , Target .35 in madmax 07/08/18 12:24:08 PM
#1029   faryf went into the 09s then back to buccaneer1961 07/08/18 01:09:34 AM
#1028   200% profit & free ride on shares ,rather madmax 07/04/18 12:48:12 PM
#1027   US$0.012 is equivalent to A$0.016 per share (+300%) DrillaHill 07/04/18 05:15:58 AM
#1026   Why would one sell shares now with drilling Tamtam 07/04/18 01:47:57 AM
#1025   Interesting news, I like it , Cash up for next madmax 06/29/18 03:08:42 PM
#1024   Thanks DH for this post. douginil 06/29/18 10:44:53 AM
#1023   Pancontinental sells its share in Tulainyo for A$1.3m DrillaHill 06/29/18 03:12:11 AM
#1022   Pancontinental (ASX:PCL) CEO John Begg Interview in Sydney DrillaHill 06/27/18 04:16:26 AM
#1021   In May our partner AEC has raised US$45m DrillaHill 06/21/18 04:00:23 AM
#1020   I was only able to get 10,000 buccaneer1961 06/20/18 12:16:59 PM
#1019   Nice, Patience is key, You will be rewarded on FARYF I madmax 06/20/18 12:13:16 PM
#1018   I ended up buying faryf afterall buccaneer1961 06/20/18 11:27:32 AM
#1017   Imo,probably not .20 bot .02-.10 very possible ,reason madmax 06/18/18 02:49:42 PM
#1016   sept is the pel 37 drill date buccaneer1961 06/18/18 11:32:31 AM
#1015   Unfortunately I do not see a drilling date madmax 06/18/18 03:33:10 AM
#1014   Same here, as usual he's on top of Tamtam 06/18/18 02:25:23 AM
#1013   Thanks Madmax for the informative link about Namibian douginil 06/18/18 12:44:18 AM
#1012   ok,i sent him that.....also any idea when they buccaneer1961 06/17/18 10:12:35 PM
#1011   nothng comes thru buccaneer1961 06/17/18 09:49:58 PM
#1010   ok,thankyou! buccaneer1961 06/17/18 09:44:46 PM
#1009   Hi, Send him this link, Grey sh madmax 06/17/18 07:12:47 PM
#1008 madmax 06/17/18 07:04:50 PM
#1007   whats the story here im wanting to buy buccaneer1961 06/17/18 02:20:48 PM
#1006   I wish this wasn't on the greys here buccaneer1961 06/13/18 10:25:45 AM
#1005   Thanks madmax for posting this update douginil 06/13/18 08:42:29 AM
#1004 madmax 06/12/18 11:26:17 PM
#1003   that's true,its going to take about 70 days buccaneer1961 06/01/18 08:40:36 PM
#1002   Just remember that in the real world where douginil 06/01/18 08:34:56 PM
#1001   oh,ok, trying to determine how long it will buccaneer1961 06/01/18 06:46:10 PM
#1000   I don't know if the target depth has douginil 06/01/18 11:35:59 AM
#999   interesting.....I like that hey have a 65% stake buccaneer1961 06/01/18 10:40:39 AM
#998   No madmax 06/01/18 08:57:22 AM
#997   how many feet is the well going to buccaneer1961 06/01/18 01:41:58 AM
#996   was it broker assisted trade? buccaneer1961 05/29/18 06:17:31 PM
#995   No apologies needed douginil, even if has already Tamtam 05/27/18 02:26:10 AM
#994   what are the chances they will get current? buccaneer1961 05/26/18 11:25:25 AM
#993   My apologies if this has already been posted. douginil 05/26/18 09:03:54 AM
#992   Thanks DH douginil 05/23/18 07:38:44 AM
#991   "Dempsey to produce commercial gas flows at 1,200mcf/d" DrillaHill 05/23/18 07:11:14 AM
#990   Goodluck M Tamtam 05/21/18 07:05:24 PM
#989   Got filled just now ,etrade 100k @.004 madmax 05/21/18 01:58:06 PM
#988   not many traded is US - I buy DrillaHill 05/18/18 02:27:12 AM
#987   oh,ok,thankyou buccaneer1961 05/17/18 05:29:19 PM
#986   Ok,I think been on grey sheet for awhile madmax 05/17/18 05:25:02 PM
#985   I just got back email from fidelity saying buccaneer1961 05/17/18 05:18:48 PM