PCL 6.67% 1.4¢ pancontinental energy nl

drilling has commenced, page-3

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    It actually spud on the 10th..

    TCG

    Drilling commences in offshore Kenya
    Progress and status: Origin Energy advises that L-8 operator Apache
    Corporation has, on behalf of the joint venture,
    commenced drilling the Mbawa Prospect in Kenya. The
    Mbawa 1 exploration well spudded at 6:00 hours local
    time on 10 August 2012.
    Origin will only advise the market again when well
    operations have been completed with a summary of
    results, or of any event that is material.
    Well type and location: Mbawa 1 is located in the Mbawa Prospect in offshore
    Kenya. The drillship Deepsea Metro 1 is expected to take
    about 60 days for this drilling operation, which will
    reach a total depth of 3,250m subsea in a water depth
    of 864m.
    The well will be plugged and abandoned after the
    evaluation program is completed.
    L8/Mbawa Joint Venture:
    Apache Kenya Limited (Operator) 50%
    Origin Energy Limited* 20%
    Pancontinental Oil and Gas NL 15%
    Tullow Kenya B.V. 15%
    * Through its wholly owned subsidiaries.
    Ends
 
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