Pancontinental Oil and Gas NL (ASX:PCL) provides the attached update announcement by Dempsey Project Operator Sacgasco Limited (ASX:SGC).
Dempsey Update
- Flow of clean natural gas at 195 mcfpd from Test Zone 3
- Confirms gas saturated rocks over a 2000+ foot vertical interval
- More gas zones to be tested shortly prior to field production zones testing
- SGC to combine flows of gas from all zones to deliver cash flow
- Multiple options to increase Dempsey’s production and develop the broader field.
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