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Pancontinental Oil & Gas, Fully Funded for Three Wells

- California Dempsey – 10% interest secured, Dempsey-1 spudded on 2 August and drilling ahead in section with upper gas targets.

- California Tulainyo – 13.33% fully funded, Tulainyo-2 gas appraisal well now due to spud in October, 2017.

- Namibia PEL 37 – 30% free carried with recent farmin by ONGC Videsh Limited increasing likelihood of drilling in 2018.

Pancontinental Oil & Gas NL (ASX:PCL) (“Pancontinental” or “Company”) is pleased to provide the following operations update.


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