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Pancontinental Oil & Gas Announces Tulainyo Drilled and Preparing for Gas Flow Test Program

- Drilling completed as planned at total depth of 5700 feet (1737 m).

- Gas indicated in all primary reservoir targets.

- Production casing being run ahead of flow test program.

Commenting on the project milestone, Pancontinental CEO John Begg said:

“We are excited about the opportunity ahead of us. The operator CRPC has done an excellent job in drilling this well to target depth in a challenging geological environment. The combination of potential reservoirs and gas shows that were recorded in the well are what we were hoping to see. The sandstone units compare well with what was observed in the original, untested discovery well and the nearby extensive outcrop. A robust well design will provide flexibility in how we now go about the upcoming critical flow testing program”.


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