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Pancontinental Oil & Gas (PCOGF)

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Last Post: 9/20/2017 2:53:39 AM - Followers: 20 - Board type: Free - Posts Today: 4

PANCONTINENTAL OIL & GAS
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
PANCONTINENTAL FULLY FUNDED FOR THREE WELLS (August 2017)
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
(update 09/18/2017)
CEO - "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. These are consistent with the earlier reported significant gas shows
recorded during drilling. We don’t have analogue producing well data from any other regional wells at the main target levels to aid in
our interpretation so the testing is essential to prove whether the rocks are capable of commercial rates of flow. So far however
the well is showing every sign of being the breakthrough well that we have planned and positioned for in this Basin”.

Tulainyo-2, California (earning equivalent 13.33% working interest)
The second fully funded well, the high potential Tulainyo-2 well, will appraise a potentially giant- scale, high pressure gas resource in
a circa 100km² anticlinal structure on the west flank of the Sacramento Gas Basin. The well is scheduled to spud in October, 2017.
Tulainyo net prospective resources: 233 Bcf
Namibian PEL 37 (20% working interest)
After spending US$34 million on prospect selection, Tullow has moved to drill the most favoured prospect by farming-out 30% interest
in the permit to ONGC Videsh Ltd to cover drilling cost. Pancontinental’s 20% interest in PEL 37 is free carried by Tullow. Free Carry
includes no cap on 1st Exploration Well. A drilling decision is required by December ’17, allowing application for an extension to the
permit’s tenure past March ’18, which would likely see drilling underway during H2 ’18.  
Top 4 Prospects Gross P50 Prospective Resources total 915 MMbbl (183 MMbbl Net to PCL 20%).

ASX Releases and Presentation
Pancontinental O&G Investor Presentation - June 2017
Pancontinental O&G - Good Oil Conference presentation Sept 17
ASX Releases on Pancontinental Oil & Gas

BROKER REPORTS
Stock Analysis – Pancontinental Oil & Gas NL 2017 (08/30/17)
Hartleys Limited – Pancontinental Oil & Gas NL 2017 (08/15/17)

Audio Interview with CEO
Pancontinental Oil & Gas (ASX:PCL) three well program fully funded (08/30/17)

 PCL (ASX in AUD)                                                                Brent Oil (Nov 17)                                                              Natural Gas (Nov 17)
   \
ASX Code: PCL
Shares Outstanding: 5,262m
Market Capitalisation: US$17m (@ AUD 0.004/share - 09/14/2017)

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#828  Sticky Note A must read !! mmafr 08/16/17 03:29:23 AM
#869   http://www.upstreamonline.com/live/1349636/california-resources-to-spud-tulainyo madmax 09/20/17 02:53:39 AM
#868   Oct/Nov: PCL to drill 2tcf Tulainyo appraisal well DrillaHill 09/20/17 02:39:48 AM
#867   75% up since Dempsey discovery and Namibia farmout DrillaHill 09/20/17 02:32:06 AM
#866   And the good news keeps going on while Tamtam 09/20/17 01:44:01 AM
#865   https://hotcopper.com.au/documentdownload?id=uOMxKKzFkiWRTLKhOROKAxjvTDYC5g%2B5z madmax 09/19/17 10:55:30 PM
#864   nice! may the positive newsflow continue - GLA DrillaHill 09/18/17 02:39:34 AM
#863   alright!!! douginil 09/17/17 11:20:53 PM
#862   https://hotcopper.com.au/documentdownload?id=uOMxKKzFkiWRTLKhOROKAxjvTDYC5g%2B%2 madmax 09/17/17 09:27:07 PM
#861   Good Oil Conference “Deal Closers and Play Makers” DrillaHill 09/14/17 01:59:21 AM
#860   AEC partners Pancontinental O&G in Namibia - US$7.7m DrillaHill 09/13/17 09:16:43 AM
#859   Final "Significant Gas Shows at Dempsey" update (@2970m) DrillaHill 09/13/17 01:59:08 AM
#858   Trading Halt - completion of a material transaction DrillaHill 09/12/17 02:28:45 AM
#857   30% partner "Empyrean" rockets on Dempsey gas shows: DrillaHill 09/11/17 10:28:18 AM
#856   1 tcf gas equals 178107,61MMbbl of oil Tamtam 09/08/17 06:55:14 PM
#855   Thanks DH for the link. The douginil 09/08/17 11:00:21 AM
#854   Most Significant Gas Shows to date at Dempsey DrillaHill 09/08/17 02:12:06 AM
#853   Yep,agree, .03 my Target ! LOADED THE BOAT ! GLTY madmax 09/07/17 09:00:42 PM
#852   Madmax Thank you for posting these douginil 09/07/17 08:47:49 PM
#851   https://hotcopper.com.au/documentdownload?id=uOMxKKzFkiWRTLKhOROKAxjvTDYC5g69zRW madmax 09/07/17 07:35:46 PM
#850   "more significant gas shows" good! 580m to go... DrillaHill 09/04/17 02:50:43 AM
#849   https://hotcopper.com.au/documentdownload?id=uOMxKKzFkiWRTLKhOROKAxjvTDYC5we5yRi madmax 09/03/17 11:29:17 PM
#848   I trade Pancontinental O&G on Australian Stock Exchange DrillaHill 09/01/17 02:15:34 AM
#847   how do i buy shares???? ecmoney 08/31/17 10:32:37 PM
#846   Update#11 "a good problem to have to manage" DrillaHill 08/31/17 02:08:42 AM
#845   EXCELLENT ,LOAD THE BOAT ! .03 Here we come ! GLTY madmax 08/30/17 06:05:12 PM
#844   Significant Gas Shows in unexpected reservoir at Dempsey DrillaHill 08/30/17 02:31:36 AM
#843   Pancontinental discusses its portfolio and drill program (audio) DrillaHill 08/30/17 02:13:11 AM
#842   "Risked Value: 1.1cps (+450%), Upside Value: 5.7cps (2750%)" DrillaHill 08/30/17 02:01:46 AM
#841   Thanks for posting this. douginil 08/28/17 08:53:53 AM
#840   Sounds great: "Multiple zones of significant gas shows" DrillaHill 08/28/17 01:59:49 AM
#839   News, https://hotcopper.com.au/documentdownload?id=uOMxKKzFkiWRTLKhOROKAxjvTDYC madmax 08/27/17 09:12:35 PM
#838   Drilling of High Potential Targets to Commence (08/25/17) DrillaHill 08/25/17 03:24:23 AM
#837   Insider buying & add to fund , Key to,profits madmax 08/23/17 03:55:53 AM
#836   I see you're still on top of it Tamtam 08/23/17 03:22:40 AM
#835   News https://hotcopper.com.au/documentdownload?id=uOMxKKzFkiWRTLKhOROKAxjvTDYC5 madmax 08/22/17 05:18:39 PM
#834   I guess we need more gas from the DrillaHill 08/22/17 02:42:58 AM
#833   But why isn't the sp reacting in a Tamtam 08/21/17 08:34:36 PM
#832   Four Gas Zones confirmed in Dempsey Well (08/21/17) DrillaHill 08/21/17 08:16:59 AM
#831   Thanks DH for this update douginil 08/17/17 08:52:20 AM
#830   New Partner ONGC: investments earmarked for Namibia exploration DrillaHill 08/17/17 06:23:47 AM
#829   Dempsey full success case is worth circa A$54m DrillaHill 08/16/17 05:01:35 AM
#828   A must read !! mmafr 08/16/17 03:29:23 AM
#827   Really good potential here from drilling plus I DrillaHill 08/14/17 07:41:16 AM
#826   Ouauh... Pancontinental is now fully funded for 3 mmafr 08/14/17 03:45:45 AM
#825   Pancontinental Fully Funded For Three Wells DrillaHill 08/14/17 03:44:18 AM
#824   "multiple intervals of interpreted significant gas shows" DrillaHill 08/14/17 03:40:34 AM
#823   Nice to see we're drilling Tamtam 08/10/17 09:24:47 PM
#822   Thanks mmafr for posting this progress PR. douginil 08/10/17 08:45:16 AM
#821   @ 552m, only metres away of 1st target... DrillaHill 08/10/17 04:46:10 AM
#820   DEMPSEY 1-15 WELL DRILLING UPDATE mmafr 08/10/17 03:38:22 AM
PostSubject