Pancontinental Energy (PCL) Q1 2026 TU earnings summary

Executive summary

• Defined new prospects at Northern Channel and Phoebe West, expanding the PEL 87 inventory.

• Updated prospective resource estimates: PEL 87 High Case now totals 6.1 billion barrels (net, arithmetic sum).

• Farmout process ongoing with shortlisted groups accessing the data room.

• Application submitted for a 12-month extension to the PEL 87 First Renewal Exploration Period.

Financial highlights

• Cash and cash equivalents at 30 September 2025 were $3.72 million.

• Proceeds of $1.79 million received from the exercise of 149.5 million listed options during the quarter.

• Payments to related parties and associates totaled $156,667 for the quarter.

Outlook and guidance

• Awaiting MIME decision on the 12-month extension for PEL 87 exploration.

• Further updates on the farmout process and technical data sharing expected as developments occur.