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pancontinental oil & gas nl (PCL) Details

Pancontinental Oil & Gas NL explores for oil and gas properties. Its principal assets are the PEL 37 project in Walvis Basin and the PEL 87 project in Orange Basin located in offshore Namibia; and the Dempsey gas and Alvares gas projects situated in the Sacramento Gas Basin, California. The company was incorporated in 1985 and is headquartered in West Perth, Australia.

2 Employees
Last Reported Date: 09/28/18
Founded in 1985

pancontinental oil & gas nl (PCL) Top Compensated Officers

CFO, Company Secretary & Executive Director
Total Annual Compensation: A$140.6K
Executive Director
Total Annual Compensation: A$247.6K
Executive Director
Total Annual Compensation: A$115.6K
Compensation as of Fiscal Year 2018.
pancontinental oil & gas nl
Pancontinental Announces Termination of the Walyering Farmin

In July 2017 by acquisition of a new subsidiary, Pancontinental obtained the right to farmin for a 70% operated interest in EP 447 (Permit) in the Perth Basin, an area covering the Walyering Gas Field. By virtue of the relevant farmin agreement, if Pancontinental had not completed the 3D Seismic Survey by 1 June 2019 then the holders (Holders) of the Permit and Pancontinental were required to meet and work together for the purpose of completing that survey in a timely fashion. The parties have been unable to agree a revised basis to complete the survey and the Holders have decided to terminate the farmin agreement. Pancontinental will now seek to meet the Holders to agree on all actions and payments that may be required to restore each to the position it would have been in if the farmin agreement had not been entered into.

Pancontinental Oil & Gas Nl Reports Consolidated Earnings Results for the Half Year Ended December 31, 2018

Pancontinental Oil & Gas NL reports consolidated earnings results for the half year ended December 31, 2018. For the period, the company reported loss for the period of AUD 5,414,355 as compared to AUD 2,597,124 for the same period last year.

Pancontinental Oil & Gas NL, Annual General Meeting, Nov 30, 2018

Pancontinental Oil & Gas NL, Annual General Meeting, Nov 30, 2018, at 10:00 W. Australia Standard Time. Location: The Park Business Centre 45 Ventnor Avenue West Peth Western Australia Australia Agenda: To receive and consider the annual report for the company for the year ending 30 June 2018, which includes the financial report, directors' report and auditor's report; to receive and adopt the remuneration report for the year ended 30 June 2018; to re-elect Henry David Kennedy as Director; to approve 10% placement capacity; to discuss renewal of proportional takeover provision in constitution; and to discuss election of director Vesna Petrovic.

 

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