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Pancontinental Oil & Gas (PCOGF)

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Last Post: 9/21/2018 10:17:40 PM - Followers: 21 - 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$38m (@ AUD 0.01/share - August 2018)

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PlusOneCoin Top Posts
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#1078  Sticky Note Report: Unrisked valuation for little Cormorant US$5.4/bbl (3.5c/sh) DrillaHill 08/21/18 03:41:28 AM
#1070  Sticky Note Pancontinental progress presentaion august 2018 Tamtam 08/16/18 06:57:15 AM
#1109   im also in the S prospect one buccaneer1961 09/21/18 10:17:40 PM
#1108   As are a number of us in various douginil 09/21/18 08:30:45 PM
#1107   2 more weeks to go for this well buccaneer1961 09/21/18 07:30:54 PM
#1106   Hmmm TT I thought that the first douginil 09/21/18 04:08:25 PM
#1105   I wonder what they intersected or oilshows possible? buccaneer1961 09/21/18 09:45:31 AM
#1104   It amazes me that the trading halt is Tamtam 09/21/18 06:22:19 AM
#1103   pel 37 announcement!!! look here! buccaneer1961 09/21/18 03:07:05 AM
#1102   ok,seems too soon for pel 37 news buccaneer1961 09/21/18 02:50:38 AM
#1101   Possibly PEL 87 news Tamtam 09/21/18 02:26:00 AM
#1100   trading halt pending announcement....what are you expecting? buccaneer1961 09/20/18 11:50:42 PM
#1099   trading halted? buccaneer1961 09/20/18 11:47:03 PM
#1098   IMO there's a bigger chance of succes compared Tamtam 09/19/18 01:05:53 AM
#1097   That was my 50,000 at.008 today...trying to lower redtxdog 09/19/18 12:07:34 AM
#1096   Don't get greedy,TT. After some of our douginil 09/11/18 03:51:30 PM
#1095   .excellent news but we own "only" 75% of Tamtam 09/11/18 06:21:12 AM
#1094   Billion Barrel Oil Potential Assessed in Pancontinental’s PEL mmafr 09/11/18 05:17:29 AM
#1093   Rig on site to drill ! mmafr 09/03/18 10:59:59 AM
#1092   Finaly some action Tamtam 09/03/18 02:41:14 AM
#1091   Looks like Poseidon on the move to Cormorant DrillaHill 09/02/18 07:52:35 AM
#1090   Thanks for posting this link MadMax. douginil 08/29/18 11:02:35 AM
#1089 madmax 08/29/18 05:25:52 AM
#1088   ooooooh,ok! gotcha! thankyou buccaneer1961 08/28/18 06:52:59 PM
#1087   I have no idea, only saying their 10% DrillaHill 08/28/18 01:02:18 PM
#1086   so if they hit....only expect a share increase buccaneer1961 08/28/18 10:12:24 AM
#1085   buccaneer - C$0.13 is about AFE upside potential DrillaHill 08/28/18 04:53:13 AM
#1084   right on! buccaneer1961 08/28/18 12:45:53 AM
#1083 madmax 08/28/18 12:34:31 AM
#1082   Not bad for first well. It de-risks the madmax 08/28/18 12:32:39 AM
#1081   but it looks like afrika energy is already buccaneer1961 08/27/18 11:58:00 AM
#1080   2018 Small Cap Companies drilling offshore Namibia # DrillaHill 08/22/18 04:44:03 AM
#1079   what would the comparison be with African energy? buccaneer1961 08/21/18 05:50:35 PM
#1078   Report: Unrisked valuation for little Cormorant US$5.4/bbl (3.5c/sh) DrillaHill 08/21/18 03:41:28 AM
#1077   Thank you for all the DD you do Tamtam 08/21/18 02:25:08 AM
#1076   Namibia: Eco (Atlantic) Oil & Gas- Surrounded douginil 08/20/18 10:41:13 AM
#1075   According to analyst 4 wells to be drilled DrillaHill 08/20/18 09:26:35 AM
#1074   Thanks DH First Tullow / Pancontinentaal douginil 08/20/18 08:44:48 AM
#1073   Ocean Rig Poseidon on its way to Cormorant DrillaHill 08/20/18 06:32:28 AM
#1072   Me like :-) Tamtam 08/17/18 05:35:50 PM
#1071   PCL closed 1.1 cent on 151 mil volume madmax 08/17/18 05:44:06 AM
#1070   Pancontinental progress presentaion august 2018 Tamtam 08/16/18 06:57:15 AM
#1069   PCL aussie .01 HOD,last .009 on 66 mil madmax 08/16/18 01:50:16 AM
#1068   Thanks I found that this worked. douginil 08/16/18 12:16:21 AM
#1067   Try this , Go to homesite ,latest release right madmax 08/15/18 07:23:30 PM
#1066   Link does not work for me. douginil 08/15/18 07:21:35 PM
#1065   Opened find for me 2x madmax 08/15/18 07:19:46 PM
#1064   File not found! Tamtam 08/15/18 06:06:00 PM
#1063 madmax 08/15/18 05:14:19 PM
#1062   "Tullow to start Drilling next week, then Chariot" DrillaHill 08/10/18 07:48:00 AM
#1060   My guess last week, someone sold 10K on kayakbob223 08/07/18 09:12:08 PM
#1059   50K shares traded and up 400% Tamtam 08/07/18 09:07:20 PM