PCL pancontinental energy nl

20.0%

1.2¢

Ann: Presentation to Annual General Meeting, page-33

First 33 Last

Share
Profile

Follow
Billja

558 Posts.

98

28/11/23

21:11

Post #: 71155378
Share

Originally posted by McSeebass: ↑

Here's my take on yesterday's agm for what it's worth.

Here are some details from the notes I made during the meeting.

18 attendees including 4 PCL staff and 2 auditors. No Woodside suits. I asked afterwards.Duration was 37 mins including q&a

Notable points
Ernie and Iain both mentioned no CR required for the next 12 months or more.

Woodside are using their Houston team to analyse the 3d data as they are the deep water specialists and this is who the PCL team mostly liaise with.

Woodside spent more than $35m on the 3d as we know but are very secretive on what the final figure is. They extended the area twice and "surprisingly" didn't come to PCL for more $$$

Slide 12 Iain went on about a "counter regional dip" and how this is a really good thing. Bit over my head.

Final 3d data is expected in late December early January.

Woodside drilling team/department are working on estimates/ timelines for drill availability and long lead time items. I presume in anticipation of a potential deal.

A question was asked how long environmental approvals would take. Ernie said all the hard work in this area had mostly been done and they couldn't see any issues that could cause delays. The comment was made. "It's a lot easier than WA"

After the meeting we stayed around and had a candid chat with the entire team for another 20mins or so. It was great.

Here's some takeaways from our chat.

Vesna and Linda are doing a great job and have a strong relationship with the Minister in charge of mining in Namibia. I think a lot better than some of the big players in the basin. I don't see any problems here.

I asked what hurdles could be seen in the next 12 months to both Ernie and Iain and both of them said couldn't see any problems "just need to work through the process"

I asked if there was any interest from Iain's sales pitch to investment firm's his response was "it's early days". I responded with "surely if Woodside like what they see they will want to take a bite out of us? The response was "Maybe" Then he digressed to "Little explorers struggle to become producers" and proceeded to give examples.

Overall body language was good and all the team were very approachable and happy to have a chat.

There maybe a few more things I missed but I have to catch a flight and I'm doing this on my phone.

DYOR
None of this is advice just my take on the day.

Expand

Great insights, thanks!

Lets hope Iain can maximise the company value before an eventual takeout....instead of repeating the NWE efforts!

PCL Price at posting: 1.8¢ Sentiment: Buy Disclosure: Held
6 Upvote

0 Great analysis

Reply

Top Stories

RMX

Red Mountain: Chip samples point to 'large orogenic antimony mineral system' at Oaky Creek

SRL

Sunrise pops on top scandium hits NSW explorer will now use for 'multi-decade' plan

Week 26 Wrap: Renewable gas fantasies; RBA July cut hope builds; copper's August peak?

OCC

Orthocell sees 4% jump as Remplir used in first US surgery. But is that low?

MVF

Monash IVF shares cater 25% – Disaster or deep-value play?

NATO’s 5% target: Why Almonty Industries’ mega mine and NASDAQ listing are a perfect fit for investors

HotCopper Highlights Week 26: Droneshield 2.0; Trigg re-jig & Virgin

Listen: HotCopper Wire Podcast 015 – Yeah, we're thinking the IPO market is back

PAR

Paradigm Biopharmaceuticals makes key acquisition moving into FY26

BPH

Australia’s gas crisis is here – and dying coal plants aren’t helping

First 33 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

(20min delay)
Last 1.2¢		Change 0.002(20.0%)		Mkt cap ! $97.63M

Open	High	Low	Value	Volume
1.0¢	1.2¢	1.0¢	$81.52K	7.447M

Buyers (Bids)

No.	Vol.	Price($)
1	44042	1.1¢

Sellers (Offers)

Price($)	Vol.	No.
1.2¢	6972636	12

View Market Depth

No.	Vol.	Price($)
1	44042	0.011
27	17190081	0.010
17	9970802	0.009
19	4532862	0.008
7	2959691	0.007

Price($)	Vol.	No.
0.012	4359000	10
0.013	3508507	6
0.014	2408742	5
0.015	1200000	4
0.017	715254	4

Last trade - 15.59pm 27/06/2025 (20 minute delay)

PCL (ASX) Chart

Ann: Presentation to Annual General Meeting, page-33

Red Mountain: Chip samples point to 'large orogenic antimony mineral system' at Oaky Creek

Sunrise pops on top scandium hits NSW explorer will now use for 'multi-decade' plan

Week 26 Wrap: Renewable gas fantasies; RBA July cut hope builds; copper's August peak?

Orthocell sees 4% jump as Remplir used in first US surgery. But is that low?

Monash IVF shares cater 25% – Disaster or deep-value play?

NATO’s 5% target: Why Almonty Industries’ mega mine and NASDAQ listing are a perfect fit for investors

HotCopper Highlights Week 26: Droneshield 2.0; Trigg re-jig & Virgin

Listen: HotCopper Wire Podcast 015 – Yeah, we're thinking the IPO market is back

Paradigm Biopharmaceuticals makes key acquisition moving into FY26

Australia’s gas crisis is here – and dying coal plants aren’t helping

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Ann: Presentation to Annual General Meeting, page-33

Top Stories

Red Mountain: Chip samples point to 'large orogenic antimony mineral system' at Oaky Creek

Sunrise pops on top scandium hits NSW explorer will now use for 'multi-decade' plan

Week 26 Wrap: Renewable gas fantasies; RBA July cut hope builds; copper's August peak?

Orthocell sees 4% jump as Remplir used in first US surgery. But is that low?

Monash IVF shares cater 25% – Disaster or deep-value play?

NATO’s 5% target: Why Almonty Industries’ mega mine and NASDAQ listing are a perfect fit for investors

HotCopper Highlights Week 26: Droneshield 2.0; Trigg re-jig & Virgin

Listen: HotCopper Wire Podcast 015 – Yeah, we're thinking the IPO market is back

Paradigm Biopharmaceuticals makes key acquisition moving into FY26

Australia’s gas crisis is here – and dying coal plants aren’t helping

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News