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Pancontinental Announces Dempsey 1-15 Well Update

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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