Each one in plain English, with the numbers worked through for a shareholder.
31 Jan 2022quarterly activities report● Neutral
Appendix 5B for December 2021 quarter: operating outflow A$210k, exploration spend A$19k, and A$115k net raised from the director shares. Cash A$926k from A$1,040k, about 4 quarters of funding. No debt.
31 Jan 2022quarterly activities report● Neutral
December 2021 quarter: Venus-1 and Graff-1 started drilling about 130km south of PEL 87; PEL 37 two-year extension still sought. Cooper Basin focus areas under review. Cash A$926k; AGM resolutions all passed with over 95% approval.
24 Dec 2021security holder rights change● Neutral
72,500,000 unlisted options at $0.006 expired and 118,390,245 at $0.006 were cancelled. 78,926,830 options at $0.006 remain, expiring 24 July 2022. Administrative; reduces potential dilution.
14 Dec 2021drilling spud● Neutral
Shell has started the Graff-1 well, so two major wells are now drilling on-trend to PEL 87 alongside Total's Venus-1. PCL says Saturn is geologically similar. No results yet.
3 Dec 2021drilling spud▲ GoodMajor
TotalEnergies has started drilling Venus-1 in 3,000m of water, about 130km south of PEL 87, after repeated delays. PCL says its Saturn complex is geologically similar. Shell's Graff-1 is expected to follow. Result will be an important read-across for PCL's 75% PEL 87.
29 Nov 2021agm notice● Neutral
Chairman's AGM address: COVID-era savings of $762,329 last year, Venus-1 expected soon, PEL 87 farmout efforts continuing, and a two-year PEL 37 extension applied for. Repeats known facts; no new information.
29 Nov 2021investor presentation● Neutral
AGM presentation with disclaimers and a corporate snapshot: 7,034 million shares, 270 million options, share price 0.1 cent. Text is truncated; no new project information visible.
29 Oct 2021quarterly activities report▲ Good
Appendix 5B for September 2021 quarter: operating outflow A$187k and exploration spend A$34k, offset by A$862k net from the placement. Cash rose to A$1,040k from A$395k, about 5 quarters of funding at this spend. No debt.
29 Oct 2021quarterly activities report● Neutral
September 2021 quarter: TotalEnergies' Venus-1 near PEL 87 is delayed again, rig expected around December. Cooper Basin Project Status approved. PEL 37 extension still under assessment. Cash A$1.0m after the $1.0m placement, with the director shares approved on 21 October.
29 Oct 2021annual report● Neutral
2021 annual report. Corporate costs fell $212,845 this year, with total COVID-era savings of $762,329. TotalEnergies' Venus-1 is scheduled for late 2021; PEL 87 farmout continues; PEL 37 two-year extension applied for.
29 Oct 2021annual report● Neutral
Appendix 4G confirming the corporate governance statement for the year to 30 June 2021 is in the annual report (pages 37-49) and on the website. Administrative filing with no new project or financial information.
30 Sept 2021annual report● Neutral
Full-year statutory accounts to 30 June 2021. Extract covers the directors' report only: board unchanged, and the company renamed Pancontinental Energy NL after year end. Financial figures are not in the text provided.
19 Aug 2021capital raising announcement● NeutralMajor
Placement raising $1.0m at $0.001 per share (1,037,507,325 shares) to professional investors; directors Kennedy, Rushworth and Malaxos take $120,000 subject to approval. Shares on issue rise to about 7.15bn. Refills cash of about A$395k.
What it means for a shareholder
1.04bn new shares at about A$0.001 to raise about A$1.0m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
Create a free account to see this worked out for your own holding.
30 July 2021quarterly activities report▼ Bad
Appendix 5B for the June 2021 quarter: operating outflow A$233k and exploration spend A$153k, taking cash to A$395k from A$781k. No debt. Estimated funding is about one quarter at that spend rate. Pay cuts remain.
30 July 2021quarterly activities report● Neutral
June 2021 quarter: cash A$394k. Shareholders approved the director placement participation ($110,000) and a name change to Pancontinental Energy NL at the 29 July meeting. PEL 37 two-year extension still being assessed; Total's Venus-1 still due this year.
29 July 2021investor presentation● Neutral
Presentation to the 29 July 2021 general meeting, with disclaimers and a corporate snapshot: about 6.0bn shares, 270m options, cash about A$394k, market cap A$9.0m at 0.2 cent. Text is truncated; no new project information visible.
20 July 2021agm notice● Neutral
Postponed general meeting reset to 29 July 2021 in person, as the company believes it cannot hold a virtual meeting after COVID relief rules were repealed. Proxies due 27 July; business unchanged. Administrative only.
29 June 2021agm notice● Neutral
General meeting set for 1 July 2021 postponed because of a four-day Perth and Peel lockdown. New date to be advised. Administrative only.
30 Apr 2021quarterly activities report● Neutral
March 2021 quarter: cash A$781k after the $710,000 placement at $0.001. Tullow has withdrawn from the PEL 37 JV; partners are seeking a two-year extension. Cooper Basin ATP 924 work program amended, removing the Year 1 well (about $2.6m). Total's Venus-1 expected later this year.
29 Mar 2021price query● Neutral
ASX queried a significant volume increase in PCL shares on 29 March 2021. PCL replied it knew of no undisclosed information and was complying with Listing Rule 3.1, giving no explanation for the trading.
15 Mar 2021half year report● Neutral
Half-year report to 31 December 2020: loss of $438,162. Permit schedule shows PEL 87 at 75%, PEL 37 at 29%, and Cooper Basin ATP 920 at 20% and ATP 924-Ace at 25%. Board unchanged. Remaining detail is truncated.
18 Feb 2021admin correction● Neutral
Change of registered office and principal place of business to Level 2, 30 Richardson Street, West Perth. Administrative notice only.
16 Feb 2021capital raising announcement● NeutralMajor
Placement raising A$710,000 at $0.001 per share (710m shares), with directors Kennedy ($100k) and Malaxos ($10k) subscribing, subject to approval. Funds go to exploration, new ventures and working capital, replenishing cash of A$343k. Shares on issue rise to about 6.12bn.
What it means for a shareholder
710m new shares at about A$0.001 to raise about A$710,000. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
Create a free account to see this worked out for your own holding.
29 Jan 2021quarterly activities report● Neutral
December 2020 quarter: cash fell to A$343k from A$436k. PEL 87 farmout continues, with Total's planned Venus-1 well nearby highlighted as a potential catalyst. Cooper Basin heritage surveys are still being organised; COVID-19 pay cuts remain.
25 Nov 2020investor presentation● Neutral
AGM presentation of 25 November 2020 with disclaimers and a chairman's message on the COVID-year cost cuts. The text shown is truncated and restates known projects; no new information is visible.
30 Oct 2020quarterly activities report● Neutral
September 2020 quarter: cash fell to A$436k from A$587k. PEL 37 interest is now 29% after the Namibian subsidiary lifted its share (the report gives 43.85%, versus 42.85% elsewhere). PEL 87 farmout continues, with industry interest said to be rising as regional drilling nears.
23 Oct 2020annual report● Neutral
2020 annual report. Chairman says costs were cut by about A$0.5m, PEL 87 (75%) is still seeking farminees, and PCL's PEL 37 interest rises from 20% to 29% after ONGC Videsh exited. Cooper Basin work delayed by weather and COVID-19.
23 Oct 2020annual report● Neutral
Appendix 4G for the year to 30 June 2020: the corporate governance statement is on pages 28-41 of the annual report and on the website. Administrative filing with no new project or financial information.
23 Oct 2020agm notice● Neutral
Letter to shareholders on the virtual AGM, a live webcast on 25 November 2020, with proxies due 23 November. Administrative notice with no project or financial information.
30 Sept 2020annual report● Neutral
Full-year statutory accounts to 30 June 2020. The extract shown covers only the directors' report: board unchanged, with directors' shareholdings and option expiries listed. Financial figures are not in the text provided.
