Namibia Walvis Basin PEL 37
- Tullow Kudu Limited (Operator) 65.00%
- Pancontinental Oil & Gas Group 30.00%
- Paragon Oil & Gas (Pty) Ltd 5.00%
A number of ponded turbidite, slope turbidite, basin floor turbidite fans and channels forming major very large "leads" closely associated with, and within the Inner Graben of EL 0037 have been identified and mapped.
Kenya Lamu Basin L6
- FAR Limited (Operator) 60.00%
- Pancontinental Oil & Gas Group 40.00%
- Milio International Group 0.00%
- FAR Limited (Operator) 24.00%
- Pancontinental Oil & Gas Group 16.00%
- Milio International Group* 60.00%
* after earn in
The Kifaru Prospect and Kifaru West Prospects are interpreted to be large stacked Miocene reefs, with interpreted good lateral and top seals and close proximity to mature Eocene source rocks.
The Tembo Prospect is a large tilted fault block trap, with interpreted sandstone reservoirs at a number of levels.
Australia Perth Basin Walyering Gas Field
- UIL Energy (Operator) 30.00%
- Pancontinental Oil & Gas NL** 70.00%
**Assumes option exercised to earn the interest by funding a 3D seismic survey in 2018, covering the Walyering Gas Field.
A thick interbedded fluvio-deltaic sandstone reservoir system is present with top and lateral seals mostly provided by intra-formational shales and siltstones.
The target reservoirs are relatively deep, between 3,000m and 4,000m but when drilled correctly have been shown to have good natural flow potential. The Upper Cattamarra Coal Measures sand reservoir in Walyering-1 flowed at up to 13.5 MMcfd.
The reservoirs and trapping mechanism are very similar to that in the producing Gingin – Red Gully gas fields on geological trend some 80 km to the south.
USA California Sacramento Gas Basin Dempsey Gas Project
- Sacgasco Limited (Operator) 50.00%
- Empyrean Energy PLC 30.00%
- Xstate Resources Limited 10.00%
- Pancontinental Oil and Gas NL* 10.00%
Via 100% subsidiary Bombora Natural Gas LLC
It is located in the central Northern Sacramento Gas Basin within a multi-field, gas producing area.
It has lesser volume reservoir targets within an existing producing field area, mapped on 3D seismic and overlying multiple, much larger, stacked targets interpreted within sandstones of Early Cretaceous age.
The Early Cretaceous reservoirs have not often been drilled in the Basin (just 16 partial well penetrations) and most of these were very old wells that were not drilled on structure.
There is strong evidence that the gas trapped in the shallow, traditional producing zones such as the Kione and Forbes Formations, has been generated by source rocks within the underlying Early Cretaceous section.
Primary reservoir targets are in the Ladoga and Boxer Formation sandstones.
A circa 3,200m well would be required to test all target levels in the structure.
USA California Sacramento Gas Basin Tulainyo Gas Discovery
- California Resources Production Corporation (Operator) 41.67%
- Cirque Resources LP 25.00%
- Gas Fields LLC 33.33%
Equity interests are assumed post full earning via a staged farmin requiring funding of three wells. Gas Fields is managed by and owned 40% by Pancontinental.
Early Cretaceous rocks normally at greater depths beneath the traditional gas producing layers of the Basin, are brought near to surface by compressional structuring that is continuing present day. This structuring, similar to that seen in the fold belt of PNG, creates high stress in the rocks and high formation pressures.
The Tulainyo-1 drilling program in late 2014 – early 2015 encountered high pressure gas in a number of reservoirs but could not be tested due to mechanical difficulties. Good quality E-log data was however matched to extensive adjacent outcrop within the Coastal Ranges indicating that the reservoir section thickens and will continue at depth within the structure. There is potential for all the reservoirs within some 10,000` (+3,000 metres) of vertical mapped closure to be gas filled, creating a potentially giant-scale gas resource.
Over 11 TCF of dry gas has historically been produced from Late Cretaceous and younger sandstone reservoirs in the Sacramento Gas Basin. In the Northern part of the Basin, Pancontinental believes the gas is sourced from the older Cretaceous section like that beneath the Tulainyo structure. The region is characterised by extensive gas production infrastructure.
USA California Sacramento Gas Basin Alvares Gas Discovery
- Sacgasco Limited (Operator) 39.00%
- Empyrean Energy PLC 25.00%
- Xstate Resources Limited 21.00%
- Pancontinental Oil & Gas NL 15.00%
Via subsidiary Bombora Natural Gas LLC
The Alvares-1 drilled in 1982 had extensive high gas shows in the Early Cretaceous Stoney Creek Formation. A thick sequence of sandstones, silt and conglomerates were penetrated in the well below 8,300 feet (2,530 metres) with gas shows extending over some 1,500m that were either not tested or improperly tested in the original discovery well.
The gas reservoirs are interpreted from E-log, core, cuttings and test data to have fair to moderate reservoir quality and are older than the Early Cretaceous reservoirs encountered in the Tulainyo-1 well program. Despite at least 3 gas columns being present in the original well, mechanical conditions prevented valid flow testing although a partially successful test did flow good quality dry gas at 0.4 MMcfd to surface.
A more recent reservoir engineering review of the well results indicates that natural flow of between 4.0 and 10.0MMcfd could be achievable from these reservoirs if drilled and completed optimally, using modern technology.