5 Aug 2024investor presentation● Neutral
Notice of an investor Q&A session on 8 August 2024 with CEO Iain Smith on Orange Basin operations. Administrative, with no new information.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
23 July 2024price query● Neutral
ASX queried a price move (high 1.8c to low 1.4c) and heavy volume. PCL said it knew of no undisclosed information, pointing to the lengthy seismic analysis and the pending Seismic Licence that sets Woodside's option long stop date. Confirms no new result.
28 June 2024security holder rights change● Neutral
Administrative notice that shares were issued on conversion of PCLO listed options. No number or price is given in the text.
18 June 2024security holder rights change● Neutral
Administrative notice that shares were issued on conversion of unlisted options. No number or price is given in the text.
7 May 2024security holder rights change● Neutral
Administrative notice that shares were issued on conversion of PCLO listed options. No number or price is given in the text.
20 Mar 2024investor presentation● Neutral
Webinar presentation on PEL 87 and the Orange Basin. Notes final seismic data in-house and early signs of hydrocarbon plays beyond Saturn. Covers Galp's Mopane-1X and Mopane-2X discoveries and Shell, TotalEnergies and Chevron activity. No new PCL result; text is truncated.
18 Mar 2024security holder rights change● Neutral
Appendix 3G lodged for the 40m unquoted options granted to CEO Iain Smith, as announced on 14 February. Exercise price is 3.5 cents, expiring 18 March 2028, with half vesting immediately and half on 18 September 2024.
15 Mar 2024half year report● Neutral
Half-year to 31 December 2023 shows a loss of A$1,494,081 against A$984,870 a year earlier. PCL holds 75% of PEL 87 under Woodside's option. Rushworth is now non-executive, and the auditor is renamed In.Corp. Text is truncated.
12 Mar 2024other● Neutral
Notice of an investor webinar on 20 March 2024 with the incoming CEO, covering Orange Basin activity and PEL 87 interpretation status. Administrative, with no new information.
1 Mar 2024other● Neutral
Administrative notice that the share registry changes from Advanced Share Registry to Automic from 4 March 2024. No effect on holdings.
14 Feb 2024director officer appointment● NeutralMajor
Iain Smith, board adviser since May 2023, becomes CEO from 18 March 2024 on A$200,000 a year plus 40m options at 3.5 cents. Barry Rushworth moves to non-executive director. Smith was previously managing director of Norwest Energy.
30 Jan 2024security holder rights change● Neutral
Administrative notice that shares were issued on conversion of PCLO listed options. No number or price is given in the text.
19 Jan 2024regulatory community update▲ GoodMajor
Namibia's minister approved PEL 87's extension to 22 January 2026 and waived relinquishment, keeping the full 10,970 sq km. Final depth-migrated seismic received; Galp's Mopane-1X oil find to the south is called positive. Woodside's option deadline is delayed by a pending data delivery.
29 Nov 2023other● Neutral
Administrative notice that a recording of the 28 November investor webinar is available online. No new information.
27 Nov 2023investor presentation● Neutral
AGM presentation repeating known facts: the PEL 87 extension application, Woodside's option over 56% with PCL at 20% carried, the 6,600 sq km survey and the A$5m placement. Text is truncated; no new results are visible.
20 Nov 2023other● Neutral
Notice of an investor webinar on 28 November 2023, based on the corporate presentation to be given at the 27 November AGM. Administrative, with no new information.
13 Nov 2023investor presentation● Neutral
Ord Minnett Mining Club presentation restating the PEL 87 story and Woodside's option over 56%. Shows 8.06bn shares, cash A$4.9m with no debt, and a share price of A$0.014 (market cap A$113m). No new results.
27 Oct 2023annual report● Neutral
2023 Annual Report calls the year transformational, citing the Woodside option, 6,593 sq km survey and A$5m raising. It repeats known facts, with PEL 87 at 75% and Woodside's option over 56%. Cooper Basin interests remain.
27 Oct 2023annual report● Neutral
Appendix 4G corporate governance key accompanying the annual report, dated 27 October 2023. Administrative, with no new operational or financial information.
26 Oct 2023regulatory community update▲ GoodMajor
PCL applied to enter PEL 87's first additional exploration period (23 Jan 2024 to 22 Jan 2026), with a commitment to drill one well or acquire more seismic. Early depth-migrated data suggests mature Kudu Shale oil source beneath Saturn; full interpretation awaits final data.
29 Sept 2023annual report● Neutral
Statutory accounts for year to 30 June 2023 show a loss of $1,870,559, against $823,179 the prior year. Directors are Myers, Rushworth and Petrovic, with Kennedy retired December 2022. Text is truncated.
5 Sept 2023investor presentation● Neutral
Euroz Hartleys Energy Forum presentation restating the PEL 87 and Woodside option story. Shows 8.06bn shares, 840m options, cash A$5.3m with no debt, and share price A$0.018 (market cap A$145m). No new results.
24 Aug 2023security holder rights change● Neutral
Further shares and listed options issued under the 25 July meeting approvals. The offer under the 19 May 2023 prospectus is now closed, finishing the May placement's option issue.
22 Aug 2023security holder rights change● Neutral
Administrative notice that shares were issued on conversion of PCLO listed options. No number or price is given in the text.
8 Aug 2023security holder rights change● Neutral
Appendices lodged for shares and listed options issued after the 25 July general meeting approval. It carries no new figures; it completes the issue tied to the May placement and director participation.
28 July 2023security holder rights change● Neutral
Following shareholder approval at the 25 July meeting, 40m options went to Chairman Myers and 20m to director Petrovic. Exercise price is $0.0145, expiry 28 July 2027, with 3 months' vesting. This completes the director options flagged in May.
25 July 2023investor presentation● Neutral
General Meeting presentation, 25 July 2023, restating the Namibia Orange Basin and Saturn story. Shows 8.05bn shares, 780m options, cash of A$5.2m at 30 June 2023 and market capitalisation of A$121m. No new announcements visible in the truncated text.
31 May 2023regulatory community update● Neutral
Pancontinental responded to a Bloomberg report that Namibia's mines minister wants the state to hold free equity in petroleum production. PCL says it has been told of no regulation change affecting PEL 87, where NAMCOR already holds a 10% carried interest, and is monitoring.
30 May 2023security holder rights change● Neutral
Unquoted incentive options granted: 40m to the board adviser, 20m to an employee and 10m to a contractor. Exercise price is $0.016, expiry 29 May 2027, and they vest after 3 months' continued service. This follows Iain Smith's appointment as adviser.
26 May 2023drilling result▲ GoodMajor
The PEL 87 3D survey finished a few days early at 6,593 sq km, of which 5,952 sq km lies inside PEL 87, covering the core Saturn complex. Fast-track results are expected by late August; Woodside's option decision awaits interpretation.