Pancontinental Energy NL (PCOGF)

[DrillaHill]

"more significant gas shows" good! 580m to go...

"Since the last update mud logs have indicated additional significant gas shows. These have occurred even though the drilling mud weight has been increased to control the levels of background gas for safe drilling."

Update #12 - significant gas shows again and again and again and again...

"Shareholders and investors are advised that the significance of these shows will become more apparent when the next wireline logs are run to more fully evaluate the intersected gas shows and reservoirs. This is planned after reaching the proposed total drilling depth of approximately 3,200 metres."

"The Dempsey 1-15 well is currently drilling ahead below 2,615 m (~8,580 feet) to the highly under-explored deeper targeted reservoirs in the approximately 580 m (~1,900 feet) of remaining section to be drilled."

GLA!