- Dempsey-1 presently drilling ahead at a depth of 70m
- Pancontinental has already earned its way to a 10% interest in the Dempsey Gas Project;
Pancontinental Oil and Gas NL (ASX:PCL) (“Pancontinental”, the “Company”), is pleased to provide an update on Dempsey-1, the first well of what the Company expects to be a minimum, three well fully funded drill program in 2H 2017 and 2018. The Dempsey Gas Project, located in the onshore Sacramento Gas Basin in California is one of a portfolio of gas focussed projects acquired through the recent transaction with Bombora Natural Energy Pty Ltd.
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