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Pancontinental Oil & Gas NL

ASX:PCL
A$0.009Latest close held · delayed
No price history held for this listing yet.
Market cap
—
Shares on issue
0
In-ground value
A$26.36bn
Risked multiple
—
Story beats
159 since 2006
Last event
14 July 2026

Announcements, explained

Each one in plain English, with the numbers worked through for a shareholder.

14 July 2026quarterly activities report● Neutral

June 2026 quarter Appendix 5B: operating outflow A$287k and exploration spend A$53k. Cash fell to A$2,354k from A$2,699k, with no debt. Full-year option proceeds were A$1,793k, all received in the September 2025 quarter.

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14 July 2026quarterly activities report● NeutralMajor

June 2026 quarter: the ministry said the draft PEL 87 amendment deed is acceptable, ready for signing. Farm-in talks continue with no partner named. PCL applied for a 9,972.5 sq km deepwater Taranaki Basin permit in New Zealand. Cash A$2.4m.

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30 Apr 2026quarterly activities report● Neutral

March 2026 quarter: the PEL 87 extension was confirmed and a draft amendment deed submitted. Several groups are assessing the farm-in, but no partner is named. Shell began drilling Merlin-1X nearby. Cash was A$2.7m.

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30 Apr 2026quarterly activities report● Neutral

March 2026 quarter Appendix 5B: operating outflow A$383k and exploration spend A$57k. Cash fell to A$2,699k from A$3,183k, with no debt and no option proceeds in the quarter.

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18 Mar 2026regulatory community update▲ GoodMajor

Namibia's minister approved a 12-month extension of PEL 87's renewal period to 22 January 2027, resolving the open application. Conditions: finish the environmental assessment, reprocess seismic data, and drill an exploration well. A farm-in partner is still being sought.

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13 Mar 2026half year report● Neutral

Half-year report to 31 December 2025. Board, CEO and auditor are unchanged, and PCL holds 75% of PEL 87. Text is truncated, so the financial results beyond a lower operating expense line are not visible.

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30 Jan 2026quarterly activities report● Neutral

December 2025 quarter: technical studies on PEL 87 completed, with 8 prospects and leads. Oryx, Hyrax and Northern Channel are the anchor prospects (chance of success 21.2% to 26.2%). Several groups are still evaluating the farm-in, extension approval is pending, and cash is A$3.2m.

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30 Jan 2026quarterly activities report● Neutral

December 2025 quarter Appendix 5B: operating outflow A$277k and exploration spend A$244k. Cash fell to A$3,183k from A$3,723k, with no debt. Estimated funding is 6 quarters at this burn.

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22 Jan 2026regulatory community update● Neutral

PCL says it has had no reply from Namibia's ministry on its October 2025 request to extend PEL 87's renewal period, which ends today, 22 January 2026. It notes the Petroleum Act says a licence does not expire while a renewal application is being considered.

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28 Nov 2025investor presentation● Neutral

AGM presentation repeating known points: PEL 87 (75% PCL, 10,970 sq km) is being farmed out to fund drilling, the data room has been open since mid-May 2025, and the extension application is pending. No new result or partner.

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28 Nov 2025other● Neutral

AGM chairman's address repeating known points: farmout data room sessions since mid-May, cash A$3.7m, and an October application to extend the PEL 87 renewal period to 22 January 2027. No farm-out partner is named.

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31 Oct 2025quarterly activities report● Neutral

September 2025 quarter: Phoebe West and Northern Channel added, total High Case 6.1 billion barrels net. PCL applied to Namibia's ministry for a 12-month extension of the PEL 87 renewal period. Farmout data room sessions continue. Cash A$3.7m.

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31 Oct 2025quarterly activities report● Neutral

September 2025 quarter Appendix 5B: operating outflow A$401k and exploration spend A$159k. Cash rose to A$3,723k from A$2,503k, helped by A$1,793k from option exercises. No debt. Estimated funding is 5 quarters.

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28 Oct 2025annual report● Neutral

2025 Annual Report. The chairman cites seismic interpretation progress and a farm-out in which several international deepwater operators have visited the data room. PEL 87 remains 75% PCL. No new result or farm-out deal is stated in the visible text.

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28 Oct 2025admin correction● Neutral

Appendix 4G governance checklist lodged with the annual report, confirming where the corporate governance statement can be found. No substantive new information.

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22 Oct 2025resource reserve update▲ GoodMajor

PCL defined two new PEL 87 prospects outside the Saturn Complex: Phoebe West (High Case 779 million barrels net) and Northern Channel (High Case 1,339 million net). Total High Case rises to 6.1 billion barrels net, unrisked. Shortlisted groups continue to use the farmout data room.

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30 Sept 2025annual report● Neutral

Full-year statutory accounts for the year to 30 June 2025. The permit schedule shows PCL at 75% of PEL 87 and earning 20% and 25% in the Cooper Basin permits. Board and auditor are unchanged. Text is truncated, so financial figures are not visible.

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11 Aug 2025security 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.

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8 Aug 2025security 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.

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7 Aug 2025security 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.

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5 Aug 2025security 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.

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31 July 2025quarterly activities report● Neutral

June 2025 quarter Appendix 5B: operating outflow A$273k and exploration spend A$199k. Cash fell to A$2,503k from A$3,051k, with no debt and no option proceeds in the quarter. Estimated funding is 5 quarters at this burn.

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31 July 2025quarterly activities report● Neutral

June 2025 quarter: basin modelling and seismic studies are complete, the Saturn Complex High Case is upgraded to 4 billion barrels net, and the drilling environmental assessment is under way. Cash is A$2.5m, plus about A$200k of option exercise funds received since quarter end.

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29 July 2025resource reserve update▲ GoodMajor

Following the July quantitative seismic study, PCL raised its Oryx estimate to Best Case 815 million barrels and High Case 1,873 million (net), and lifted Oryx's chance of success to 26.2% from 22.5%. Oryx now absorbs Calypso and Addax Channel. A new lead, Phoebe West, was flagged. All figures are unrisked and undrilled.

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28 July 2025security 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.

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22 July 2025security 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.

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3 July 2025security 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.

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2 July 2025drilling result▲ Good

Technical update: basin modelling indicates the Kudu source rock can feed over 20 billion barrels into the Saturn Complex, and a quantitative seismic study supports high-quality reservoir sands. No well drilled. Results are to feed into the resource estimates and risking.

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5 May 2025price query● Neutral

ASX queried a price rise from 0.8c to 1.3c with heavy volume. PCL said it knew of no undisclosed information, pointing to farm-out interest, Azule's Capricornus-1X discovery and Galp's Mopane contingent resources. Confirms no new news.

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30 Apr 2025quarterly activities report● Neutral

March 2025 quarter Appendix 5B: operating outflow A$355k and exploration spend A$248k. Cash fell to A$3,051k from A$3,610k, helped by A$60k from option exercises. No debt. Estimated funding is 5 quarters at this burn.

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