- Well expected to commence drilling shortly.
- 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 currently mobilising to the drill site and will commence operations shortly. 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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