and now we have oil!!, page-65

Thx mate :)

SH



L15 ONSHORE CANNING BASIN
Pancontinental Oil & Gas NL – 12%
Pancontinental and its co-venturers have been granted Petroleum Production Licence
L15 over the West Kora-1 oil discovery well in the Canning Basin of Western Australia.
The licence is for 21 years commencing 1 April 2010.
West Kora-1 was drilled in 1984 and produced some 20,000 Barrels of oil during an
extended production test, commencing at a rate of 350 BOPD.
The L15 Joint Venture aims to upgrade the existing production facility and restore oil
production from West Kora -1.
With improvements in technology and significantly higher oil prices, revived production
from West Kora-1 could be feasible now that the Production Licence has been secured.
The Company is examining the future potential and value of this project.