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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Pancontinental Energy NL | ASX:PCL | Australian Stock Exchange | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.001 | 6.25% | 0.017 | 0.016 | 0.017 | 0.017 | 0.015 | 0.015 | 289,499 | 01:12:55 |
From Jan 2020 to Jan 2025
LONDON--Tullow Oil PLC (TLW.LN) said Monday that the Mbawa-1 exploration well in the L8 license area, offshore Kenya, has encountered gas in the shallowest objective.
MAIN FACTS:
-The Mbawa-1 exploration well has been drilled to a depth of 2,553 meters and has encountered 52 meters of net gas pay in porous Cretaceous sandstones.
-The well will now be drilled to a total depth of 3,275 meters targeting further exploration objectives.
-Apache, with 50%, is Operator of the offshore Block L8 License along with partners Origin Energy, with 20%, Pancontinental, with 15%, and Tullow, with 15%.
-On-going drilling remains on course to test for any deeper oil potential within this gas prone region
-Shares closed Friday at 1,404 pence valuing the company at GBP12.74 billion.
-Write to Rory Gallivan at rory.gallivan@dowjones.com; Twitter: @RoryGallivan
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
1 Year Pancontinental Energy NL Chart |
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