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Pancontinental Oil & Gas

Pancontinental Kenya L6 Clarification

Pancontinental Oil & Gas NL (“Pancontinental”) refers to the statement made by FAR Limited (“FAR”) in its quarterly report (“FAR’s Quarterly”) for the quarter ending 31 December 2015 that it has issued a default notice to Pancontinental on the asserted basis of the non-payment by Pancontinental of 2 cash calls issued during 2015 (“the 2015 Cash Calls”). Unfortunately that statement did not report the fact that those cash calls and the default notice were disputed by Pancontinental on 9 September 2015.

Kenya Block L8 Update - PSC

Pancontinental Oil & Gas NL (“Pancontinental”) recently attended meetings with the Kenyan Ministry of Energy and Petroleum (“the Ministry”) to discuss the Kenyan offshore Block L8 Production Sharing Contract (“PSC”) and its forward exploration programme.

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