Pancontinental Announces Gas and Condensate Resource Upgrade at Walyering Gas Field, onshore Perth Basin | Finance News Network

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Pancontinental Announces Gas and Condensate Resource Upgrade at Walyering Gas Field, onshore Perth Basin

- Pancontinental appraising the 1971-discovered Walyering Gas Field.

- Earning 70% and operatorship.

- Conventional reservoirs that flowed naturally at up to 13.5 MMCFD.

- Located in the Perth Basin and crossed by the Parmelia Gas Pipeline.

- Permitting for a late 2018 3D seismic survey to support appraisal /
development drilling.

Pancontinental Oil & Gas NL (ASX:PCL) (“Pancontinental” or “Company”) is pleased to provide the following update on its plans to appraise and redevelop the Walyering Conventional Gas Field in the onshore, Northern Perth Basin. The results of a recent independent resources estimate give very positive encouragement for the project.


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