Pancontinental Energy NL (PCOGF)

[DrillaHill]

Most Significant Gas Shows to date at Dempsey within the deeper targeted objectives where we have most of our prospective resources - up to 1 tcf of natural gas!

"Four gas filled sand units with original pressures have been discovered above 1,650 metres and further strong gas shows have been seen as the well passes 2,000 metres as it drills on to test at least five deeper sand units, with potential to hold between 100 and 300 Bcf of recoverable gas each. StockAnalysis estimates an upside valuation for success of $163 million or 2.7 cents per share (+1250%) at the company’s currently drilling and upcoming high impact gas exploration and appraisal wells in California, which are due to be completed by the end of 2017."

pancon.com.au/wp-content/uploads/2017/08/2017-08-30-StockAnalysis-Issue-31-Vol-14-30-August-2017.pdf

GLA