Pancontinental Energy (PCL) Q3 2025 TU earnings summary

Executive summary

• Basin modelling indicates 20 billion barrels of expelled oil in Saturn Complex fetch area, with high case prospective resources of 3.8 billion barrels net to Pancontinental.

• Strong industry interest in PEL 87 farmout from supermajors, large independents, and national oil companies.

• Environmental Impact Assessment process initiated for exploration drilling approvals in Namibia.

• Attended Namibian International Energy Conference to engage with potential partners.

Financial highlights

• Cash and cash equivalents at 31 March 2025 totaled $3.05 million.

• $60,000 raised from exercise of 5 million listed options during the quarter.

• $145,000 in payments to directors and related parties during the quarter.

Outlook and guidance

• Seeking a farmin partner to fund exploration drilling in PEL 87, targeting a "play opener" well at Oryx or Hyrax.

• Ongoing technical studies, including seismic inversion, expected to further refine prospectivity and resource estimates.