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Pancontinental Announces Dempsey 1-15 Well Drilling Update

Pancontinental Oil and Gas NL (ASX:PCL) is pleased to advise that the Dempsey 1-15 well has reached surface casing setting depth without incident and is proceeding according to plan.

The 13 3⁄8” surface casing was set and cemented to a depth of 552 metres (1812 feet) and the Blow Out Preventer (BOP) installed and tested. The well is presently drilling ahead in 121⁄4” hole.

Pancontinental CEO John Begg commented:
“Setting surface casing and the BOP system is an important step in the well. We now expect to drill on through a section where the first, shallow gas reservoir targets in the well may be encountered”.


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