Pancontinental note issue nets $1.6m for Californian ventures

PANCONTINENTAL Oil & Gas is targeting further flow testing of its Dempsey and Tulainyo gas projects in California after raising A$1.6 million via convertible note issue.

Pancontinental note issue nets $1.6m for Californian ventures Pancontinental note issue nets $1.6m for Californian ventures Pancontinental note issue nets $1.6m for Californian ventures Pancontinental note issue nets $1.6m for Californian ventures Pancontinental note issue nets $1.6m for Californian ventures

The upcoming Cormorant-1 well in Namibia may be one of the highest potential impact wells to be drilled offshore by a junior in 2018 according to CEO John Beggs.

 
The proceeds are expected to provide adequate funding until its next expected material cash inflow of $7 million, which is due at the spud of the highly anticipated Cormorant-1 well in PEL 37