Pancontinental Energy NL (PCOGF)

[kayakbob223]

Hi tamtam. I found this over at the Yahoo message board. There is no source cited. just wondering if you might have run across this analysis of the well somewhere in your research? Interesting that they seem to indicate gas was forecast in the shallow part of Mbawa 1. It was posted about August 28th.
How is that grandchild doing? How about an updated pic?
Bob

FROM YAHOO PCOGF MESSAGE BOARD:
"Intruguing" signature

By concpumper.7 days ago.Permalink
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Apache and partners are currently drilling the high-risk high-reward Mbawa-1 exploration well in Block L-08, offshore Kenya. This is the first well offshore Kenya that is drilled on 3D seismic data and has potential for both oil and gas across several play types at Cretaceous and Jurassic reservoirs. Mbawa-1, results expected by October-end, is targeting Pmean oil volumes of 200mmbbl gross and, if successful, it could de-risk several other prospects. Apache, the operator, sees 2.8bn boe gross potential in targets identified across multiple play types and several follow-on prospects. Apache and partners are focused on finding light oil in a Gas Prone area (visibly illuminated on seismic sections). The 2D and 3D seismic data show a possible double flat spot, a direct hydrocarbon indicator (DHI) that could be possible gas-oil and oil-water contacts. The companies expect the upper flat spot to be a possible gas-oil or gas-water contact, while a second flat spot 120m deeper is consistent with a possible oil-water contact. Tullow confirmed that there was an ‘intriguing’ signature in the 3D seismic that adds a certain level of assurance (combined with observed oil slicks in the vicinity), but explained that this is still a wildcat well and that these observations can only be validated by drilling. The existence of a working hydrocarbon system in the basin has been demonstrated by two previous wells – Simba-1 in 1979 that encountered gas shows in the Tertiary/Upper Cretaceous section and the Kofia-1 well in 1985 encountered oil shows.