- Drilling on Dempsey-1, the first well in the Bombora portfolio, is scheduled to commence in late July with all permits to drill in place.
- Pancontinental shareholder approval is being sought to issue shares as part of the acquisition of Bombora Natural Energy Pty Ltd at a General Meeting on July 10.
- Bombora, with its partners, is advanced in securing leases over additional large prospects on trend to Dempsey, with the potential for these to be significantly revalued by any success in Dempsey-1.
Pancontinental Oil and Gas NL (ASX:PCL) (“Pancontinental”), is pleased to provide an update on the Dempsey Gas Project, one of the projects it is acquiring through the acquisition of Bombora Natural Energy Pty Ltd (“Bombora”), subject to shareholder approval at a General Meeting on July 10.
For further information please download PDF attached:
Download this document
