Pancontinental Energy NL (PCOGF)

[douginil]

From FAR’s July1 - Sept 30, 2016 Quarterly report

Kenya L6

During the quarter, FAR continued discussions with the Government of Kenya to secure suitable arrangements pursuant to the Petroleum Sharing Contract to allow exploration activity that has been hindered by past security incidents and land access issues, to commence.

Under the terms of the Joint Operating Agreement, FAR’s partner in the L6 Joint Venture (Pancontinental Oil and Gas) has been issued with default notices for non-payment of two cash calls in February 2015 and remains in default.


Read more at:
http://far.live.irmau.com/irm/showdownloaddoc.aspx?SiteId=244&AnnounceGuid=0beb5f19-1d94-4241-b3fe-613b564da355