Pancontinental Energy (PCL) Q4 2025 TU earnings summary

Executive summary

• Basin modelling and quantitative interpretation studies confirm Saturn Complex targets are ideally positioned for direct oil charge from the Kudu Shale source, with low gas-oil-ratio oil indicated.

• Saturn Complex High Case prospective resources estimate upgraded to 4 billion barrels of oil (net, arithmetic sum of High Cases).

• Oryx prospective resources increased to Best Case (2U) 815 MMbbls and High Case (3U) 1.9 billion bbls (net), with Geological Chance of Success (GCOS) raised to 26.2%.

• Environmental Impact Assessment process commenced for exploration drilling approvals.

Financial highlights

• Cash and cash equivalents at 30 June 2025 were $2.5 million.

• Post-period, 16.6 million listed options exercised, raising $199,200.

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

Outlook and guidance

• Farmout process for PEL 87 ongoing, with data room sessions and technical updates to interested parties.

• Environmental Impact Assessment underway to support future exploration/appraisal drilling.