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Pancontinental Announces Drilling of the Tulainyo Gas Discovery Appraisal Well has Commenced

- The Company’s highly anticipated well has commenced drilling.

- Pancontinental 40% owned subsidiary earning up to 33.33% (13.33% net) in project with giant – scale gas resource potential.

Pancontinental Oil & Gas NL (ASX: PCL) (“Pancontinental” or “Company”) is pleased to provide the following operations update for the Tulainyo 2-7 gas appraisal well in the Sacramento Gas Basin, California.

The Ensign Rig 587 is onsite and has commenced drilling. The past 24 hours have seen the rig equipment tested and pre-spud safety procedures performed. The well is planned to a total, measured depth of approximately 1,700 metres (5,600 feet) with drilling operations expected to take less than one month to complete.


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